RELIGARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Religare Enterprises has announced the appointment of Mr. Srinivasan Karthik as Chief Executive Officer (CEO) of Religare Finvest Limited (RFL), its material subsidiary, effective May 05, 2026. RFL's Board has also appointed him as Additional Director, designated as Managing Director & CEO, pending approval from the Reserve Bank of India (RBI) and RFL's shareholders. Mr. Karthik brings over 30 years of experience in financial services, having previously served at HDB Financial Services where he built consumer and asset finance portfolios. He holds a B.Tech from IIT Delhi and PGDM from IIM Bangalore. His appointment as Managing Director will take effect only upon receiving RBI clearance. Mr. Karthik has no familial relationship with any existing directors of RFL.
This appointment signals fresh leadership for RFL, the group's key lending subsidiary, with an executive experienced in consumer and asset financing. Until RBI approval is obtained for the Managing Director role, the leadership structure remains partially provisional. Investors should monitor RBI clearance status as it will formalize his full executive authority at the subsidiary level.