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Deepan Bafna steps up as director at Citi India
MUMBAI: Citi India has tapped a familiar hand to steer one of its most dynamic businesses. Deepan Bafna has been elevated to director, taking the reins of the bank’s local currency credit trading desk in Mumbai.
In his new role, Bafna will oversee trading across investment-grade and high-yield credit bonds, along with key rates products such as government bonds and interest rate swaps. The brief is clear and unapologetically market-facing: generate absolute trading profits while navigating India’s fast-evolving credit landscape.
But this is not just about buying and selling bonds. Bafna will also lead Citi India’s structured credit financing efforts, spanning bonds, securities financing transactions, credit derivatives and loans. A key part of his mandate is to keep the product cupboard fresh, introducing new credit structures that deepen Citi’s onshore franchise and sharpen its competitive edge.
The promotion caps a steady rise at Citi, where Bafna joined as vice president in late 2022 and quickly became a key figure in local currency credit and financing. Before that, he spent over six years at HDFC Bank, managing proprietary credit books, trading government securities and overseeing corporate bond portfolios across the rating spectrum.
His career began in the insurance and asset management world, with fixed income roles at ICICI Lombard, before expanding into market making, trading and portfolio strategy. Along the way, Bafna has built a reputation for blending macro insight with hands-on trading instincts.
With India’s credit markets growing deeper and more complex, Citi’s choice signals a bet on experience, range and an appetite for innovation. For Bafna, it is a bigger seat at a faster table, where spreads, structures and split-second decisions set the pace.
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Hyundai Motor India rolls out nationwide AC check-up camp from April 10
Limited-period service drive offers discounts, free checks to beat summer heat
GURUGRAM: Hyundai Motor India Limited has announced a nationwide AC check-up camp, rolling out from April 10 to April 18, as temperatures climb and car cabins begin to feel the heat.
The initiative is designed to keep vehicles cool and customers comfortable, offering a mix of free inspections, discounted services and value-added benefits across Hyundai’s extensive service network in India.
As part of the limited-period campaign, customers can avail a complimentary 30-point vehicle check-up along with a free dry wash. The company is also offering a 15 per cent discount on AC servicing, including gas refills, and similar savings on wheel alignment and balancing. Key AC components such as compressors, condensers and cooling coils will be available at a 10 per cent discount, while value-added services like AC disinfectant treatments and plastic restoration also come with reduced pricing.
The camp will be hosted across authorised Hyundai workshops nationwide, allowing customers easy access to trained technicians, genuine parts and diagnostic support without the usual hassle.
Speaking on the initiative, Hyundai Motor India Limited national service head Nilesh Shah said, “At HMIL, customer satisfaction and convenience remain at the core of our service philosophy. With the onset of summer, we are pleased to introduce our nationwide AC check-up camp to ensure that our customers enjoy a comfortable and hassle-free driving experience. This initiative reflects our commitment to delivering proactive care and enhancing vehicle performance through our strong service network across India.”
With mercury levels on the rise, Hyundai’s timely service push aims to ensure drivers stay cool behind the wheel while also nudging them towards preventive maintenance, a small check today that could save a larger repair tomorrow.
