Key Appointment Details

  • Mr. Ritesh Gupta appointed as "Executive Vice President & Chief Business Officer-Designate" effective October 12, 2026
  • Will transition to Chief Business Officer role effective January 1, 2027
  • Appointment approved by Board of Directors based on recommendation of Nomination and Remuneration Committee
  • Board approval obtained through circulation on October 8, 2026
  • Term of appointment: Full-time employment

Management Transition

  • Mr. L. Shivakumar, current Executive Vice President & Chief Business Officer, will retire at close of business hours on December 31, 2026
  • Mr. Gupta's appointment as Chief Business Officer coincides with Mr. Shivakumar's retirement

Professional Profile of Mr. Ritesh Gupta

  • Brings nearly 27 years of leadership experience across leading financial institutions
  • Most recently served as Regional Head, Corporate, Infrastructure & NBFCs at IDFC First Bank
  • Previous experience includes roles at ANZ, Yes Bank, ICICI Lombard, GE Capital, and ICICI
  • At IDFC First Bank, was responsible for originating and managing one of the bank's largest corporate and infrastructure portfolios
  • Played key role in building wholesale banking capabilities across multiple geographies
  • Qualifications: Chartered Accountant with degrees in Commerce and Law
  • Expertise areas: corporate banking, project finance, structured finance, risk management, and large-client relationship management
  • Strong track record of building businesses, leading geographically dispersed teams, and driving growth across complex financial markets