Page 21 - BF Cover February 2019

PRESS RELEASE

American Express India appoints Kabir Julka as Chief Human

Resources Officer

January 09, 2019, New Delhi: American Express India today announced the
appointment of Kabir Julka as the Chief Human Resources Officer, India. In this
role, Kabir is responsible for the development and delivery of a business-focused
HR strategy that attracts, develops, motivates, and retains American Express'
most important asset - its people.
Throughout his 10-year career with American Express, Kabir has held a range
of Human Resources roles in Asia and built a strong track record of successfully
partnering with business leaders to drive strategic organizational goals. His most
recent role was as Vice President, HR - Greater China & South East Asia in Hong
Kong, where he partnered with the business to develop the HR blue print for
American Express' newly created joint venture in mainland China as well as
providing support in building a high performing and collaborative team across
multiple Asian markets.
Welcoming Kabir to the new role, Manoj Adlakha, CEO, American Express
Banking Corp., India, said "As part of our commitment to strengthen the market
in India, we are delighted to welcome Kabir. He has made a significant
Kabir Julka
contribution to American Express over the past ten years and I believe that his
Chief Human Resources Officer, knowledge and subject matter expertise will help us accelerate further growth
American Express
in the Indian market. We look forward to Kabir joining the India Leadership team
and would like to wish him the very best going forward."
Speaking about his new role, Kabir Julka, said, "Home to almost 13, 000 employees, India is the largest employee base
for American Express outside of the US. I look forward to partnering with the India Leadership Team to create an
environment where talent and culture continue to be foundational and a driving factor in the success of American Express
in India."
Before moving to Hong Kong, Kabir, in his 16-years of career held a number of HR leadership roles, both within and
outside of American Express. Kabir holds an MBA in HR from University Business School, Punjab University, India.

Bank of India net loss soars to Rs 4,738 crore in October-December quarter

The bank's gross non-performing assets (NPAs) came down from Rs 62,328 crore in March 2018 and Rs 61,561 crore
in September 2018 to Rs 60,797 crore in December 2018.
Bank of India, which is under the prompt corrective action (PCA) framework of the Reserve Bank of India, has reported
a net loss of Rs 4,738 crore in the October-December (Q3) 2018 quarter compared to a net loss of Rs 2,341 crore a
year ago as it set aside Rs 9,719 crore for provisions during the quarter compared to Rs 4,373 crore a year ago.

Advertising The bank has made additional provisions for certain NPA accounts, including 100 per cent provisions for
all the NCLT accounts, as a result of which the loan loss provisions increased, which has impacted the profit after tax,
Dinabandhu Mohapatra, MD & CEO, said at a press conference
The bank's gross non-performing assets (NPAs) came down from Rs 62,328 crore in March 2018 and Rs 61,561 crore
in September 2018 to Rs 60,797 crore in December 2018. Gross NPA ratio improved from 16.58 per cent in March
2018 and 16.36 per cent in September 2018 to 16.31 per cent December 2018. Net NPA decreased from Rs 28,207
crore in March 2018, Rs 25,994 crore in September 2018 to Rs 19,437 crore in December 2018.

BANKING FINANCE | FEBRUARY | 2019 | 21