CSB Bank Limited announced that Pursuant to the recommendation of the Nomination & Remuneration Committee and Risk Management Committee of the Board, the Board has approved the appointment of Mr. Satyendra Sharma as the Chief Risk Officer of the Bank with effect from January 8, 2024. The said appointment is for a fixed tenure of minimum three (3) years, and Mr. Satyendra Sharma will form part of the Senior Management of the Bank with effect from the said date. With the appointment of Mr. Satyendra Sharma as Chief Risk Officer with effect from January 8, 2024, Mr. Ragesh M, who is currently holding the position of Chief Risk Officer (Interim), shall cease to hold the said position with effect from the close of office hours on January 6, 2024.

Mr. Satyendra Sharma is a graduate in Engineering from Rajasthan Agriculture University, Bikaner and post graduate in Management (MBA) from Indira Gandhi National Open University, New Delhi. He also holds Post Graduate Diploma in Banking & Finance and is also is a certified Financial Risk Manager. Mr. Satyendra Sharma is an accomplished banking professional with over 29 years of banking experience in different domains at various levels and currently serves the role as DGM & Head ­ NRI Business, Foreign Exchange and Trade Finance at Indian Bank.

He has over 11 years of experience in core risk management functions at Indian Bank and 4 years (on deputation) in the Department of Financial Services, Ministry of Finance, Government of India with the core responsibility of monitoring and maintaining capital adequacy in public sector banks. As part of the part of Banking and Financial Services industry, Mr. Satyendra Sharma had played transforming roles where he had opportunity of enhancing his professional skills and experience in diverse areas of Business, Credit and Risk. He comes with a very strong background in Risk from desk level to AGM.

He has worked extensively in ALM, Basel 2 and 3 implementations & capital assessment model implementations. In his new role as CRO for the Bank, Mr. Satyendra Sharma will be responsible for overseeing the various risk exposures of the bank (Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Cyber Security Risk etc) and formulation of policies and procedures for Internal Capital Adequacy Assessment Process, Stress Testing methodology, Risk Appetite Framework and Asset Liability Management.