Mumbai, Oct. 13 -- In a regulatory filing, the company stated that Anand stepped down due to personal reasons.

Following his resignation, and based on the recommendations of the nomination & remuneration committee and the risk management committee, the board has approved the appointment of G. Parthasarathy as the new chief risk officer (CRO) for a three-year term, effective from 16 October 2025 to 15 October 2028. The appointment is in line with the Reserve Bank of India's Master Direction for Non-Banking Financial Company - Scale Based Regulation, 2023.

Parthasarathy brings over 26 years of experience in financial services, with expertise across risk management, internal audit, legal, credit and policy, collections, operations, and sal...