Aavas Financiers Limited has informed the Exchange about Change in Senior Management Personnel ( SMP ) of the Company
AAVAS · price
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Aavas Financiers Limited announced a change in its Senior Management Personnel (SMP). Mr. Selvin Uthaman has resigned as Chief Business Officer due to personal and professional commitments, effective from the close of business on May 01, 2026. Simultaneously, Mr. Ripudaman Bandral, who previously served as Chief Credit Officer for the past 5 years, has been promoted to the role of Chief Business Officer effective May 02, 2026. Bandral brings over 25 years of experience in business development, credit, and risk management across major institutions including ICICI Bank, HDFC, and Indiabulls. The transition is internal with continuity ensured as Bandral is already familiar with the company's operations.
The departure of a key business head like the CBO could create short-term uncertainty for investors, though the internal promotion of Mr. Bandral may limit disruption given his 5-year tenure with the company and experience in credit and risk management.