Bank of Maharashtra names Subhasish Roy as Chief Risk Officer

Bank of Maharashtra

In a strategic move aimed at bolstering its risk management capabilities, the Bank of Maharashtra named Subhasish Roy as its Chief Risk Officer. The decision, effective from April 1, 2024, marks a significant milestone for the bank as it seeks to enhance its operational resilience and fortify its position in the financial landscape.

Subhasish Roy brings a wealth of experience and expertise to his new role, boasting an impressive track record spanning over 28 years in the banking industry. Holding distinguished qualifications including Financial Risk Manager (FRM), MBA, M.Phil, M.Sc, and CAIIB, Roy’s multifaceted skill set encompasses a broad spectrum of critical domains such as fraud risk management, data analytics, credit risk management, and operational risk & business continuity management, among others.

Prior to assuming his new responsibilities at Bank of Maharashtra, Roy served as a stalwart at IDBI Bank for over 23 years, where he navigated diverse portfolios in risk management, retail & corporate banking. His illustrious career also saw him make significant contributions at Canara Bank and IFCI during the formative stages of his banking journey, further solidifying his standing as a seasoned professional within the industry.

The appointment of Subhasish Roy underscores the bank’s unwavering commitment to fostering a culture of excellence and innovation. With his proven leadership acumen and deep-rooted understanding of risk dynamics, Roy is poised to steer the bank towards greater heights of success, ensuring robust risk governance frameworks and enabling sustainable growth in an increasingly dynamic and challenging environment.

As Chief Risk Officer, Subhasish Roy is entrusted with the pivotal task of spearheading the bank’s risk management strategy, proactively identifying and mitigating potential threats, and safeguarding the interests of stakeholders. His appointment heralds a new era of resilience and foresight for bank, as it continues its journey towards operational excellence and customer-centricity in the ever-evolving financial landscape.

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