logo
Citi appoints Tooba Modassir as CHRO for India and Indian subcontinent

Citi appoints Tooba Modassir as CHRO for India and Indian subcontinent

Time of India2 days ago

Citi has appointed Tooba Modassir as the chief human resources officer for India and the Indian subcontinent, overseeing HR strategy across India, Bangladesh, and Sri Lanka. With over 34,000 employees in the region, Modassir will report to Arun Mirchandani. K Balasubramanian highlighted her ability to build strong teams and align HR with business goals.
Tired of too many ads?
Remove Ads
Citi Wednesday announced the appointment of Tooba Modassir as chief human resources officer (CHRO) for India and the Indian subcontinent, as well as the banking HR advisor (HRA) for the sub-cluster.In this role, Modassir will oversee the human resources strategy and operations for Citi across India, Bangladesh, and Sri Lanka, a geography with more than 34,000 employees. She will continue to report to Arun Mirchandani, Asia South Cluster and Banking HR Head at Citi.'Tooba has consistently demonstrated the ability to build strong, engaged teams, while aligning HR strategy with business priorities. Her track record of driving transformative initiatives, combined with her passion for people development, will help us effectively leverage our promising and dynamic talent base in the region," said K Balasubramanian, CEO, Citi India , and banking head, Indian subcontinent.With a career spanning over 19 years, Modassir brings expertise in HR advisory, talent engagement, learning and development, and performance management. Since joining Citi in 2008, she has held several key roles, including HR business partner for retail and institutional banking in India, head of talent, performance management, learning and DEI for the bank and GCC, and most recently, CHRO and banking HRA for Citi Malaysia.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Did Vijay Mallya Blame Pranab Mukherjee For Kingfisher Crash? Big Revelation With 'Rare Apology'
Did Vijay Mallya Blame Pranab Mukherjee For Kingfisher Crash? Big Revelation With 'Rare Apology'

News18

time28 minutes ago

  • News18

Did Vijay Mallya Blame Pranab Mukherjee For Kingfisher Crash? Big Revelation With 'Rare Apology'

Last Updated: Vijay Mallya, who is facing fraud and money laundering charges amounting to Rs 9,000 crore, offered a rare public apology to his former employees Fugitive businessman Vijay Mallya has made a comeback in national headlines for over a week now. It all began with the beleagured industrialist's post on 'X' after Royal Challengers Bengaluru (RCB) commanded an eight-wicket win over Punjab Kings last night in the Qualifier 1 of the IPL 2025. Netizens were quick to take digs like 'Ghar Aaja Pardesi'. This was followed by Mallya's congratulatory post for RCB after winning the IPL. And to top it all was the podcast with YouTuber Raj Shamani. Soon after the interview, Vijay Mallya was backed by some top names, including IPL founder Lalit Modi and industrialist Harsh Goenka, sparking speculations if the fugitive businessman was planning to return to India. • Vijay Mallya, who is facing fraud and money laundering charges amounting to Rs 9,000 crore, offered a rare public apology to his former employees while addressing the fall of Kingfisher Airlines. 'I would say I am deeply sorry for what happened to them. I would say that I am deeply sorry that some of them didn't get paid their salaries…'I have no excuses to offer. I take full responsibility," the beleagured industrialist said. • Later, in a post on his X profile, Mallya wrote, 'For those who are interested, I have spoken for the first time in nine years on this podcast. I want to say sorry to employees of Kingfisher Airlines and also to set the record straight with facts and the truth." • Opening up further on the downfall of Kingfisher Airlines, Mallya claimed that during the 2008 global financial meltdown, he had approached then finance minister Pranab Mukherjee with a plan to downsize operations. '… 'I was told not to downsize. You continue, banks will support you. That is how it all started…," the businessman said. • Vijay Mallya further dismissed India's claims of 'ease of doing business", calling country's regulatory environment 'extreme". 'There is no ease of doing business in India…It's in the Indian DNA. No matter what a state or federal government may say, there are bureaucratic and political hurdles all along the way," he said. • Mallya's brand 'Kingfisher' is also one of the largest beer-selling brands in India. Talking about the alcohol business in India, the business said he had to maintain favorable relations with 29 state governments, each with its own liquor policy. 'I had to be in the good books of 29 chief ministers," he said. He also described elections as a time of pressure, claiming politicians saw the liquor industry as a cash cow for campaigns. First Published: June 06, 2025, 10:27 IST

'Call me fugitive but ... ': Vijay Mallya apologises for Kingfisher failure; asks 'where is the chori'
'Call me fugitive but ... ': Vijay Mallya apologises for Kingfisher failure; asks 'where is the chori'

Time of India

time29 minutes ago

  • Time of India

'Call me fugitive but ... ': Vijay Mallya apologises for Kingfisher failure; asks 'where is the chori'

Vijay Mallya appeared in a podcast. NEW DELHI: Vijay Mallya , the prominent business figure, extended an uncommon public apology regarding Kingfisher Airlines ' downfall, whilst firmly rejecting theft accusations and explaining his absence from India. Making an appearance in a lenghthy four-hour podcast with Raj Shamani, Mallya accepted responsibility for the collapse of the airline that once represented his distinctive business approach and said, "I apologise to everyone for the failure of Kingfisher Airlines." During the podcast, Mallya expressed willingness to consider returning to India under specific conditions. "If I have a fair assurance of a fair trail and dignified existence in India, I will think about it (returning to India) seriously." Responding to financial wrongdoing claims, Mallya said, "You may call me a fugitive, but I didn't run away. I flew on a prescheduled visit. Fair enough, I didn't return for reasons that I consider are valid… so if you want to call me a fugitive, go ahead. But where is the 'chor' (thief) coming from? Where is the 'chori' (theft)?" Vijay Mallya Podcast: Rise & Downfall Of Kingfisher Airlines, Loans & RCB | FO364 Raj Shamani The erstwhile businessman faces allegations of defaulting on loans exceeding Rs 9,000 crore, provided to Kingfisher Airlines by several Indian banks. Since 2016, he has resided in the United Kingdom, contesting extradition proceedings. Although a UK court ruled for his extradition in 2018, Mallya continues to oppose his return to India, citing concerns about unfair treatment and trial by media.

RBI Cuts Repo Rate By 50 Basis Points: What It Means For Loan EMIs
RBI Cuts Repo Rate By 50 Basis Points: What It Means For Loan EMIs

NDTV

time35 minutes ago

  • NDTV

RBI Cuts Repo Rate By 50 Basis Points: What It Means For Loan EMIs

Mumbai: The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5%. The decision was taken unanimously at the bi-monthly Monetary Policy Committee meeting headed by RBI Governor Sanjay Malhotra. This comes as a relief for borrowers who may expect lower EMIs for long-term loans, especially home buyers. The global backdrop remains fragile and global trade projections have been revised downwards, he pointed out, asserting that India would continue to grow faster. "India's strength comes from the strong balance sheets of the five major sectors. The Indian economy offers immense opportunities to local and foreign investors. We are already growing at a fast rate and we aspire to grow faster," said the RBI Governor. Mr Malhotra said inflation has softened significantly, and the near-term and medium-term outlook exudes confidence. Food inflation outlook remains soft, and core inflation is expected to remain benign, he said. The RBI also projected that retail inflation for the current financial year to be at 3.7% against its April projection of 4%. The various economic indicators remain strong, with the RBI Governor pointing to a gradual rise in discretionary spending and healthy private consumption. Industrial activity is gaining gradually while the services sector is expected to maintain momentum, he said. Rural demand remains steady while urban demand is improving. The RBI also projected the Gross Domestic Product (GDP) growth at 6.5% in the current financial year. The quarterly projections are: 2.9% (April-June), 3.4% (July-September), 3.9% (October-December), and 4.4% (January-March).

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store