By Aditya Kalra

NEW DELHI, Dec 10 (Reuters) - Standard Chartered ( SCBFF )

has nominated ex-JPMorgan India chief P.D. Singh to be

the next India and South Asia CEO, two sources with direct

knowledge of the matter told Reuters on Tuesday.

The Asia-focused lender has sought approval from the Indian

central bank for Singh's appointment, the sources said on

condition of anonymity.

Singh, who has held top management roles in banks including

HSBC ( HSBC ) in the last two decades, declined a Reuters request for

comment.

Standard Chartered ( SCBFF ) and the Reserve Bank of India (RBI) did

not immediately respond.

If the RBI approves the appointment, Singh will replace

Zarin Daruwala at Standard Chartered ( SCBFF ), who is set to retire on

April 1, 2025, after nearly a decade in the role.

Standard Chartered ( SCBFF ) has been operating in India for more than

160 years making it one of the oldest foreign banks in the

country. It has a network of 100 branches across 42 cities.