India's Chief Financial Officers

Ketan Kumar Joshi named J&K Bank CFO for 3-year term, replaces Fayaz Ganai

The Jammu and Kashmir Bank on Sunday announced the appointment of Ketan Kumar Joshi as its new chief financial officer for a term of three years. Joshi has replaced Fayaz Ahmad Ganai, a spokesperson of the J&K Bank said. The Bank notified the appointment to the stock exchanges in accordance with SEBI Regulations. "A seasoned professional in banking and finance, Joshi brings over two decades of extensive experience across Indian and international financial institutions," the spokesperson said. Before joining the J&K Bank, Joshi served as CFO at North East Small Finance Bank Ltd. (2019-2024), where he successfully led a number of critical initiatives. He also spearheaded the bank's system migration from FIS (PROFILE) to BSG (TURING), ensuring capital growth aligned with business expansion and regulatory requirements. Joshi has served in Afghanistan with Maiwand Bank, Bakhtar Bank, and Ghazanfar Bank. He also served as senior vice president at Bank of Tokyo-Mitsubishi UFJ Ltd, ...

HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down

Walia is a graduate in Commerce from SRCC, Delhi, a cost accountant, and a chartered accountant from both India and Australia

Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture

Mitshi India was founded in 1976 as Dera Paints and Chemicals Ltd and Its market cap on Friday stood at Rs 20.20 crore

Srinivasa Rangan to look after corporate affairs in HDFC Bank, subsidiaries

Role involves oversight of all group companies and other responsibilities

Hero MotoCorp appoints Vivek Anand as CFO; Rachna Kumar as CHRO

The Company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO)

Changing business models of auto OEMs creating new opportunities: KPIT CFO

KPIT has recently revised its constant currency revenue growth outlook for 2023-24 (FY24) to over 37 per cent, up from the earlier guidance of 27-30 per cent

Challenge is going to be resource management without doubt: Shankar Raman

Raman discusses the West Asia market, India's order prospect and L&T's new businesses

Cognizant appoints Wipro's Jatin Dalal as its next chief financial officer

Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company last October

Wipro appoints Aparna C Iyer as new CFO after Jatin Dalal resigns

Dalal's exit comes at a time when Wipro has been battling several high-level exits in the recent past

SBI appoints Kameshwar Rao Kodavanti as CFO with effect from July 1

State Bank of India on Saturday announced appointment of Kameshwar Rao Kodavanti, who has been with the bank since 1991, as its Chief Financial Officer (CFO). Kodavanti replaces Charanjit Surinder Singh Attra who has resigned from the post. "Kameshwar Rao Kodavanti has been appointed as CFO of State Bank of India with effect from July 1, 2023," the country's largest lender said in a filing to stock exchanges. He has been working with State Bank of India since August 1991 and has experience in fields of banking, forex, finance, and accounting. He is a qualified chartered accountant.

Fashion & beauty platform Nykaa announces CFO Arvind Agarwal's resignation

The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22

NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report

Banking regulator flags conflict of interest concern

Credit Suisse names Dixit Joshi chief financial officer, replaces Mathers

Joshi will take over on October 1

UCO Bank appoints Sujoy Dutta as CFO; JK Bank gets govt nominee director

UCO Bank on Wednesday said it has designated Sujoy Dutta as the new chief financial officer with immediate effect. "Sujoy Dutta, deputy general manager of our bank, has been designated as new Chief Financial Officer (CFO) of the bank with immediate effect in place of Shashi Kant Kumar, general manager of the bank," UCO Bank said in a regulatory filing. Dutta holds a bachelor degree in commerce from Calcutta University and he is a member of the Institute of Chartered Accountant of India (ICAI). Prior to his present position as deputy general manager (Finance) at bank's head office, Kolkata, he was zonal head of bank's New Delhi zonal office, the state-owned lender said. Another lender J&K Bank said that government of Jammu & Kashmir vide an order dated May 17, 2022 has nominated Vivek Bhardwaj, additional chief secretary, Finance Department as government nominee director on the board of directors of the bank, in place of Atal Dulloo, (additional chief secretary) with effect ...

CFOs optimistic about economy, business growth in FY22: Deloitte India

According to the survey, M&A was considered as a key growth driver for FY22

Videocon lenders to eventually take only 50-55% haircut, says former CFO

While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.

Tata group's Voltas appoints Jitender Verma as chief financial officer

Tata group consumer durables major Voltas Ltd on Monday said it has appointed Jitender P Verma as its chief financial officer (CFO). Verma, who was the senior Executive Vice President and Group CFO and a Member of the Board and Executive Committee of Thoresen Thai Agencies Public Ltd Company, Thailand, will succeed Anil George, who has decided to separate from the services of the company due to personal commitments, Voltas Ltd said in a regulatory filing. His appointment is with effect from July 19, 2021, it added. With over three decades of experience in organisations ranging from Asian conglomerates to American and European multinationals, Verma has worked in diversified manufacturing sectors, FMCG - food, agro, retail, electronics, and infrastructure, the company said. He was also Executive Director and Group CFO of Jindal Stainless Ltd. His expertise is "in the area of business strategy and planning, merger and acquisitions, P&L enhancement, restructuring, JV and strategic ..

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Vedanta chief financial officer G R Arun Kumar resigns

Vedanta on Monday said G R Arun Kumar has resigned as chief financial officer (CFO) of the company. The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE. "The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue career outside of the Group," Vedanta said. Kumar has made invaluable contribution towards the company's growth and its transformation journey during his tenure of close to eight years, it added. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a leading producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power.

Former Mumbai Airport executive Sanjiv Taneja to be new SpiceJet CFO

Joins the airline at a time when the company has been hit hard by ongoing coronavirus pandemic which has by now grounded several carriers across the world