Leadership Shift: SBI Cards’ CRO Shantanu Srivastava Steps Down

Image Source : Moneycontrol

SBI Cards and Payment Services has announced the resignation of Chief Risk Officer Shantanu Srivastava, marking a significant change in its leadership team.

Key developments surrounding the exit:

Srivastava, who joined SBI Cards in April 2023, brought nearly three decades of experience in risk management, retail banking, and operational resilience across India and APAC.
Prior to SBI Cards, he held senior roles at HSBC, including Head of Operational and Resilience Risk, overseeing IT risk, cyber security, thirdparty risk, and regulatory compliance.
His tenure at SBI Cards was marked by efforts to strengthen enterprisewide risk culture and implement transformation programs aligned with RBI’s regulatory framework.
The company is expected to initiate a search for his successor, with interim risk oversight likely managed by the existing leadership team.

This transition comes at a time when financial institutions are navigating heightened regulatory scrutiny and evolving risk landscapes.

Sources: Business Today, Moneycontrol, Business Minutes, The Official Board, SBI Cards Corporate Filings