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