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Prior to joining BharatPe, Kuppuswamy was chief risk officer at SBI Cards for more than 14 years, where she led a number of key projects
Mortgage lender may raise equity capital before closing Q4 of FY23
The hiring spree is expected to jack up costs for the industry
Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions
The possibility is that high calibre chief risk officers in the PSBs already earn Rs 1 crore to Rs 2 crore, whereas even SBI chairman could be earning less than Rs 30 lakh
CRO will be entitled to voting rights in finance companies which use a committee structure to clear high-value loans with CRO as panel member