Fedbank Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.

Management Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹88.75

prior close

₹88.07

announcement price

In-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.5% vs market

Non Banking Financial Company (NBFC) peers, median of 196sector-0.1%-0.5% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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+32.1+15.4+16.7+3.3+28.9

+45.2+13.1+32.2-1.1+46.3

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 196Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fedbank Financial Services has appointed Mr. Vikram Rathi as the Chief Risk Officer (CRO) for a 3-year term starting May 2, 2025, ending May 1, 2028. Mr. Vikram Rathi holds a postgraduate degree in finance and marketing and brings over 22 years of experience in risk management, having previously served as CRO at Clix Capital and worked with GE Consumer Finance, Barclays Bank, and Tata International. As a result of this appointment, Mr. Awadhesh Jaiswal ceases to be the Interim CRO but will continue in his role as Head of Risk & Policy. Mr. Vikram Rathi has been classified as Senior Management Personnel (SMP) under SEBI LODR regulations.

Likely market impact

This is a routine senior management appointment that strengthens the company's risk leadership. Filling a permanent CRO role signals improved governance and risk oversight, which is positive for an NBFC. No material impact on shareholders or stock price is expected from this change.