New Delhi – SBI Cards and Payment Services Ltd. has announced the appointment of Mr. Krishna Kant Bishnoi as its new Chief Risk Officer (CRO), effective July 14, 2025, as per an official regulatory filing. His appointment was made based on the recommendation of the company’s Nomination and Remuneration Committee and Risk Management Committee.
Mr. Bishnoi succeeds Mr. Shantanu Srivastava, who resigned from the position on July 9, 2025, and officially stepped down on the same date as Mr. Bishnoi’s appointment.
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A Veteran Banker with Global Expertise
Mr. Krishna Kant Bishnoi brings over 31 years of experience in the banking sector, having served in various strategic and operational roles within the State Bank of India (SBI). He was most recently leading Business and Operations for SBI in the Kumaon region of Uttarakhand before joining SBI Card.
Throughout his extensive career, he has worked across key verticals such as:
- Credit Risk Management
- Retail, SME, and Corporate Credit
- Asset & Liability Management
- Treasury and Liquidity Management
- International Banking
His past assignments include roles as Deputy General Manager (Credit Risk Management) at SBI’s Corporate Centre, Regional Manager in Mumbai, and Senior Vice President at SBI’s foreign office in Tel Aviv, Israel.
Highly Qualified Risk Leader
Mr. Bishnoi is a certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP). His academic and professional credentials further include:
- MBA in Banking & Finance
- ACAMS certification (Anti-Money Laundering)
- Diploma in Treasury and Risk Management
- CAIIB (Certified Associate of Indian Institute of Bankers)
- PGDFA (Post Graduate Diploma in Financial Advising) from IIB
- CFA Level II qualified
- Multiple certifications in Risk, KYC, Banking, and Finance
Strategic Risk Oversight for a Growing Credit Business
SBI Card is India’s leading pure-play credit card issuer and plays a key role in digital and retail finance. The appointment of Mr. Bishnoi as CRO comes at a time when the company is navigating an evolving regulatory environment and dynamic credit market.
With Mr. Bishnoi’s deep expertise in both domestic and international banking, his leadership is expected to further strengthen SBI Card’s risk governance framework, ensuring robust management of credit, operational, and market risks.
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About SBI Cards
SBI Cards and Payment Services Ltd is India’s second-largest credit card issuer, backed by State Bank of India. It issues over 19 million cards across lifestyle, travel, fuel, shopping, and corporate segments. The company offers bespoke rewards programs, co-branded cards, and enhanced digital services.
About SBI
State Bank of India (SBI) is India’s largest public sector bank and a Fortune 500 global entity. Founded in 1806 and headquartered in Mumbai, SBI operates over 22,500 branches and serves more than 500 million customers. A pioneer in financial inclusion, SBI drives CSR initiatives across healthcare, education, and environmental sustainability nationwide.
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