Brands
Indian Bank welcomes Binod Kumar as managing director & CEO
MUMBAI: Indian Bank has appointed Binod Kumar as managing director & chief executive officer. With over 30 years of diverse banking experience, Kumar previously served as executive director at Punjab National Bank (PNB), where he oversaw key divisions including corporate banking and treasury.
Throughout his career at PNB, Kumar held several notable positions, including chief general manager of corporate credit and CEO of PNB operations at the Dubai International Financial Centre. He is recognised for driving innovation and enhancing customer experience in the banking sector.
An alumnus of NIBM, Kumar holds a post graduate diploma in banking & finance, as well as certifications in financial risk management & treasury investment. He is also a graduate of a leadership program at IIM Bangalore.
Under Kumar’s leadership, Indian Bank aims to strengthen its market position, deepen customer relationships, and continue delivering exceptional financial services nationwide and at select international locations.
Brands
Reliance Consumer Products partners with Fazer for premium chocolates in India
MoU signed during Finnish President’s visit to leverage RCPL’s distribution for Fazer brands.
MUMBAI: Reliance just added Finnish chocolate to its sweet spot because when the land of saunas meets the land of spices, the result is a premium bar that melts borders. Reliance Consumer Products Limited (RCPL) has signed a memorandum of understanding with Finnish food company Fazer to manufacture, market and distribute Fazer’s premium branded chocolates across India. The agreement was formalised during Finnish President Alexander Stubb’s state visit to India on 7 March 2026.
The long-term strategic partnership combines Fazer’s heritage recipes, quality standards and global chocolate expertise with RCPL’s massive distribution network reaching nearly three million retail outlets nationwide. The collaboration aims to introduce Fazer’s well-known premium products to Indian consumers while strengthening business ties between the two nations.
Reliance Consumer Products Limited director T. Krishnakumar said, “By combining Fazer’s globally trusted brands and manufacturing excellence with RCPL’s local production capabilities, robust distribution network and deep consumer insights, we are well positioned to bring world-class products to Indian consumers and elevate the overall category experience.”
Fazer president and CEO Christoph Vitzthum added, “With RCPL handling commercialisation and distribution in India, we can establish a premium position in the chocolate market and create a foundation for a broader nationwide rollout.”
Since its launch in 2022, RCPL has steadily expanded in the confectionery segment by reviving legacy Indian brands such as Ravalgaon, Toffeeman, Pan Pasand and Lotus Chocolate Company. Fazer, a major player in the Nordics, Baltics, Poland and China with exports to over 40 countries, sees India’s fast-growing chocolate market as a key opportunity.
In a country where chocolate is no longer just a treat but a growing daily indulgence, this tie-up isn’t just about bars, it’s about blending Nordic precision with Indian scale to sweeten the next chapter of the confectionery story.
