SBI Cards appoints Krishna Kant Bishnoi as Chief Risk Officer
SBI Cards and Payment Services Ltd. on Monday, July 14, announced the appointment of Krishna Kant Bishnoi as its new Chief Risk Officer (CRO), effective immediately. The decision was approved by the company's Board of Directors at its meeting held on the same day.
Bishnoi succeeds Shantanu Srivastava, who resigned from the post earlier this month on July 9. With over 31 years of experience in banking and financial services, Bishnoi has held leadership positions across credit risk management, retail and corporate lending, SME credit, treasury, and international banking. He holds an MBA in Banking and Finance, is FRM-certified, and has completed CAIIB, PGDFA, and CFA Level II qualifications.
In the same meeting, the Board also approved the appointment of M/s Agarwal S. & Associates, a Delhi-based firm of Company Secretaries, as the Secretarial Auditor of the company for five financial years from FY26 to FY30. The appointment is subject to shareholders' approval.
M/s Agarwal S. & Associates, founded in 2003, serves a diverse clientele including listed entities, multinational companies, and public sector undertakings.
These appointments are part of SBI Cards' ongoing efforts to strengthen its governance and risk management framework.
Disclaimer: The information provided is based on the company's regulatory filing and is for informational purposes only. It does not constitute investment advice. Please refer to official filings and consult a financial advisor before making any investment decisions.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
12 minutes ago
- Business Upturn
Global Stock Market Update: US markets end mixed; Hang Seng, Taiex rise over 1% while Nikkei, Kospi slip
By Aditya Bhagchandani Published on July 16, 2025, 08:10 IST Global equities painted a mixed picture on Tuesday as U.S. markets closed unevenly overnight, weighed down by stronger-than-expected inflation data and persistent concerns over trade tariffs. The Dow Jones slipped nearly 1% while the Nasdaq managed a modest gain. Asian markets, however, opened mostly higher, with Hong Kong's Hang Seng and Taiwan's Taiex leading the gains, rising over 1% each. Japan's Nikkei and South Korea's Kospi edged lower, reflecting cautious sentiment. European futures also showed a subdued tone, with Germany's DAX slightly down but the UK's FTSE inching higher. US markets: Dow Jones fell 0.98% , closing at 44,023 Nasdaq rose 0.18% , closing at 20,678 Asian markets this morning: Hang Seng Futures (Hong Kong) up 1.13% at 24,809 Taiex Futures (Taiwan) up 0.99% at 23,029 Nikkei (Japan) down 0.08% at 39,647 Kospi (South Korea) down 0.55% at 3,198 Gift Nifty (India) down 0.34% at 25,180 European Futures: DAX (Germany) down 0.19% at 24,133 FTSE (UK) up 0.09% at 8,952 While U.S. markets closed mixed after stronger-than-expected inflation data and ongoing trade concerns, Asian markets opened largely positive with notable gains in Hong Kong and Taiwan. Meanwhile, Japanese and South Korean indices slipped slightly in early trade. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
12 minutes ago
- Business Upturn
Karnataka proposes Rs 200 movie ticket price cap — know how much PVR's business will be impacted
By Aditya Bhagchandani Published on July 16, 2025, 08:04 IST The Karnataka government has proposed capping movie ticket prices at ₹200 (tax inclusive) across all theatres and multiplexes, a move that could weigh on PVR-Inox's revenues and profitability, according to analysts. The draft notification, announced following Karnataka's March 2025 budget, applies to tickets for all languages and formats and is now open for public feedback for 15 days before the final order is issued. Why this matters to PVR Karnataka is a key market for PVR-Inox, accounting for 12.3% of its total screens (215 out of 1,743 as of May 2025). The state contributes around 8% to the Hindi box office and about 10% to overall collections, with the average ticket price (ATP) currently at ₹260. If the ₹200 cap comes into force, it would mean a nearly 30% reduction in ATP in Karnataka, translating to an estimated 3.7% decline in consolidated ATP, which could shave off about 2.2% of headline revenue and 1.8% of EBITDA for PVR-Inox over FY26–28E. Premium formats like IMAX and 4DX, which currently command weekend prices of ₹600–1,000, would also see margins eroded and extended payback periods under uniform pricing. Could this hurt PVR's growth? If implemented, the cap could also hurt PVR-Inox's expansion plans by lowering returns for franchise partners, particularly in premium malls where higher rents and reduced ticket prices could push breakeven occupancy rates beyond the current ~18–20% per show. The impact could force exhibitors like PVR to rely more heavily on food & beverage sales to offset weaker ticket revenues. What's next? Exhibitors may challenge the cap in court — a similar move in 2017 was partially overturned by the Karnataka High Court, which allowed higher pricing for premium formats. Karan Taurani of Elara Securities notes: 'The proposed cap is likely to dent earnings, but given the company's scale, the impact may be manageable if the courts allow flexibility for premium formats. We maintain an Accumulate rating on PVR-Inox with a target price of ₹1,100 per share while monitoring developments closely.' While the government aims to make movies more affordable, analysts argue that content quality, rather than ticket prices, is what truly drives footfalls. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
3 hours ago
- Business Upturn
PVR shares in focus today as Karnataka government caps movie ticket prices at Rs 200
Shares of multiplex operators including PVR are in focus today after the Karnataka government issued a notification capping the maximum price of movie tickets across all theatres in the state, including multiplexes, at Rs 200 per ticket (inclusive of entertainment tax). According to the draft amendment to the Karnataka Cinemas (Regulation) Rules, 2014, published by the Karnataka Government Secretariat on 15 July 2025, the government proposes to amend Rule 55 by inserting a proviso that explicitly limits the cost of each show ticket to Rs 200 for all language films. The notification further mentions the omission of Rule 146 from the existing rules and invites objections and suggestions from the public within 15 days of the publication of the draft in the Official Gazette. This move is expected to impact the revenue and pricing flexibility of multiplex chains like PVR and INOX in Karnataka, which typically charge premium rates for weekend and prime-time shows. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
