SBFC Finance Limited announced that at the Board Meeting held on 1 November, 2025 Mr. Shanesh Jain, Head - Internal Audit of the Company, vide letter dated 1 November, 2025 has tendered his resignation with immediate effect as he is shifting to UAE for personal reasons. The Audit Committee and the Board of Directors have taken note of the said resignation. Mr. Viney Vaid, Head - Credit of the Company, vide letter dated 1 November, 2025 has tendered his resignation with immediate effect due to personal reasons.
Mr. Sreenivas Mylavarapu, has been appointed as the Chief Credit Officer of the Company, with effect from 1 November, 2025. Mr. Sreenivas Mylavarapu is a seasoned banking professional with over 29 years of experience across retail, MSME, agriculture, and microfinance segments. He has a proven track record in business growth, credit management, and operational excellence, with expertise in secured and unsecured lending.
His last employment was with Karnataka Bank Ltd. as General Manager & Business Head Retail, Agri and MSME Advances, where he led large-scale business transformation and digital initiatives across lending segments. He has also held senior leadership roles with Aditya Birla Housing Finance, Kotak Mahindra Bank, IDBI Bank, and State Bank of Hyderabad. A results-driven leader and turnaround specialist, Mr. Sreenivas is known for building high-performing teams and implementing innovative solutions to enhance customer experience and profitability.
He holds multiple professional certifications, including from ISB and IIM Rohtak.
