HDFC Bank revamps top management after mega merger

HDFC Bank is revamping some parts of top management as the Indian bank seeks to propel its mortgages business, three months after it acquired another lender. The bank detailed the changes in a memo to employees late Sunday, according to people familiar with the matter, who asked not to be identified discussing private information.

It has brought information technology and digital functions, led by Ramesh Lakshminarayanan directly under Chief Executive Officer Sashidhar Jagdishan as the bank leans on technology to offer more products and services across its branches, the people said.

Ashish Parthasarthy a bank veteran who has led treasury since 2009, will get responsibility for the key retail branch business, which handles deposits and product distribution, they added.