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:
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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.
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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.
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His tenure at SBI Cards was marked by efforts to strengthen enterprisewide risk culture and implement transformation programs aligned with RBI’s regulatory framework.
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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
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