The Reserve Bank of India (RBI) has officially approved the appointment of Vikram Sahu as the Chief Executive Officer (CEO) of Bank of America N.A. in India (BANA). This decision, communicated through an internal memo on December 3, 2025, marks a significant leadership transition for the American banking giant's Indian operations.

Sahu's appointment is in addition to his current role as India Country Executive. He is set to succeed Kaku Nakhate, who has served as CEO for approximately 15 years. Nakhate will transition to the role of Chair, India, BofA Securities, focusing on strengthening relationships with key clients of the India franchise. She is expected to superannuate in 2026.

Vikram Sahu will report to Jin Su, President of Asia Pacific. As CEO of BANA India, he will chair the entity's local management team (LMT), remain a member of the Asia Pacific Executive Committee, and chair the India CLT. The internal memo highlighted that Sahu will continue to oversee the bank's strategic growth plan.

Prior to his appointment as CEO, Sahu was the Head of Global Equity Research at Bank of America. He has been focused on guiding the country leadership team, addressing governance and regulatory matters, meeting key clients, and reinforcing the bank's responsible growth approach.

Sahu's extensive experience in the financial sector spans over 25 years. He holds a bachelor's degree from St. Stephen's College, Delhi, and a master's degree from the US.

Nakhate joined Bank of America NA in June 2010, bringing with her a wealth of experience from JP Morgan.

This leadership change occurs as Bank of America continues to navigate the evolving Indian financial landscape, focusing on strategic growth, regulatory engagement, and strong governance.