Kotak Mahindra Bank Announces Leadership Transition In Risk Management

 Kotak Mahindra Bank has announced a key leadership change in its risk management division, with Srishti Sethi appointed as the new Group Chief Risk Officer (GCRO). She will succeed Paul Parambi, who is set to retire from his role on June 11, 2025. The transition marks a strategic shift in the bank’s risk governance framework, reinforcing its commitment to robust financial oversight and regulatory compliance.  

Leadership Transition And Key Developments  

- Srishti Sethi has been appointed as the new GCRO of Kotak Mahindra Bank, effective immediately.  
- Paul Parambi will retire from his position on June 11, 2025, after serving in the role for several years.  
- The leadership change aligns with Kotak Mahindra Bank’s broader strategy to strengthen risk management practices.  
- Sethi brings extensive experience in financial risk assessment, regulatory compliance, and operational risk mitigation.  

Srishti Sethi’s Role And Strategic Vision  

As the new GCRO, Sethi will oversee the bank’s risk governance framework, ensuring compliance with evolving regulatory standards. Her expertise in financial risk assessment and operational risk management is expected to enhance Kotak Mahindra Bank’s ability to navigate market uncertainties while maintaining stability.  

Paul Parambi’s Legacy And Contributions  

Parambi has played a pivotal role in shaping Kotak Mahindra Bank’s risk management policies, contributing to its strong financial resilience. His tenure saw the implementation of advanced risk assessment models and regulatory compliance measures that positioned the bank as a leader in financial governance.  

Industry Impact And Future Outlook  

The leadership transition comes at a time when financial institutions are increasingly focusing on risk mitigation strategies amid global economic fluctuations. Kotak Mahindra Bank’s decision to appoint Sethi underscores its commitment to maintaining a proactive approach to risk management, ensuring long-term stability and growth.  

Source: Kotak Mahindra Bank, Economic Times, CNBC TV18