Vikram Pandit, an Indian origin banker, is understood to be in the reckoning to head the world’s largest banking institution Citigroup, whose current CEO is reportedly planning to resign. Citigroup,  is holding a board meeting here on Sunday where its  CEO Charles Prince is  expected to tender his resignation.

One of the main contender for the post of CEO, at least on interim basis, could be Vikram Pandit, who joined Citigroup just about six months back and heads its investment banking operations.  If Pandit is appointed as Citigroup’s CEO, he would be the first Indian to head a leading global bank.  A former professor at Columbia University, he had earlier headed Morgan Stanley’s institutional securities business before starting a hedge fund that he later sold to Citigroup for $800 million.