Kotak Mahindra Bank, a private sector lender, has announced changes in its senior management personnel. Mr. Paul Parambi, the current Group Chief Risk Officer (GCRO), will be retiring on June 30, 2025, and will cease to be a senior management personnel of the bank. However, he will continue to serve as Group President- Risk until his retirement.
To fill the vacancy, the bank’s Board of Directors has appointed Ms. Srishti Sethi as the new GCRO and a Senior Management Personnel (SMP) of the bank, effective from June 12, 2025, for a period of five years. Ms. Sethi brings over! 30 years of experience in enterprise and credit risk, banking and wealth management, corporate debt, collections, and operational excellence. She has held leadership roles at Hero Fincorp, IDFC First Bank, and GE Capital, and is known for her strategic perspective, deep domain expertise, and ability to lead transformation with precision and purpose.
Ms. Sethi is a graduate in Mathematical Statistics from Lady Shri Ram College and holds a PGDBM from IMS Ghaziabad. She is also a Certified Information Systems Auditor (CISA) and holds a CRISC certification. Her appointment is expected to bring new insights and expertise to the bank’s risk management function.
The change in leadership is a significant development for Kotak Mahindra Bank, and the appointment of Ms. Sethi is seen as a positive move to strengthen the bank’s risk management capabilities. The bank’s Board of Directors has expressed confidence in Ms. Sethi’s ability to lead the risk management function and contribute to the bank’s growth and success.
The announcement of Ms. Sethi’s appointment is part of the bank’s efforts to ensure a smooth transition and maintain continuity in its senior management team. The bank’s senior management personnel play a crucial role in shaping its strategy and direction, and the appointment of Ms. Sethi is expected to have a positive impact on the bank’s operations and performance. Overall, the change in leadership is a significant development for Kotak Mahindra Bank, and the appointment of Ms. Sethi is seen as a positive move to strengthen the bank’s risk management capabilities and drive its future growth and success.