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Business Upturn
2 days ago
- Business
- Business Upturn
SBI Cards appoints Krishna Kant Bishnoi as Chief Risk Officer
By Aditya Bhagchandani Published on July 14, 2025, 16:25 IST 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.
Business Standard
03-06-2025
- Business
- Business Standard
UCO Bank appoints Sumit Khandelwal as new CFO
UCO Bank said its board has appointed Sumit Khandelwal as chief financial officer (CFO) with immediate effect, replacing Sujoy Dutta, General Manager. Sumit Khandelwal, 48, holds a Bachelor's degree in Commerce and a Bachelor's degree in Law. He is also a qualified Chartered Accountant, Cost Accountant, and a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). Khandelwal has served in various roles across corporate branches, zones, and departments of the bank. He brings with him over 15 years of rich banking experience. Prior to his appointment as CFO, he served as Zonal Head, New Delhi. UCO Bank is a commercial bank and a Government of India undertaking. As of March 31, 2025, the bank had a network of 3,302 domestic branches and two overseas branches one each in Hong Kong and Singapore along with one representative office in Iran. Of the total branches, 2,031 (61%) are located in rural and semi-urban areas. The bank also operates 2,522 ATMs and 10,653 Business Correspondent (BC) points, bringing the total number of customer touchpoints to 16,480 as of March 31, 2025. The banks standalone net profit rose 24.1% to Rs 652.43 crore on 16.5% increase in total income to Rs 8,136.79 crore in Q4 FY25 over Q4 FY24. Shares of UCO Bank shed 0.70% to Rs 34.03 on the BSE.
