Thursday, April 25, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsEnterprise ITIDBI appoints executive director P Sitaram as CFO

IDBI appoints executive director P Sitaram as CFO

Follow Tech Observer on Google News

The RBI’s directive to banks to appoint qualified CAs as CFO is compelling banks to cast a wider net in their search for candidates

Google News

IDBI Bank said that it has appointed executive director P Sitaram as a chief financial officer (CFO) and key managerial personnel of the bank.

The follows the RBI's direction to ensure adherence to the minimum qualification criteria for the position of CFO. Sitaram is a qualified chartered accountant and has over 15 years of experience in handling finance and accounts and taxation matters in IDBI Bank.

The RBI's directive to banks to appoint qualified CAs as CFO is compelling banks to cast a wider net in their search for candidates. Besides the academic qualification, RBI requires the CFO to have 15 years of experience in overseeing financial operations such as accounting and taxation and most of it in a bank or financial institution.

SBI had appointed former EY partner Charanjit Surinder Singh Attra as CFO in September last year after advertising for the position. The bank had offered an annual cost to the company of Rs 75 lakh to Rs 1 crore which was almost thrice of what the chairman earned at that time.

The RBI too hired laterally for the CFO position. The central bank had appointed Sudha Balakrishnan a CA and former director with National Securities Depositories Limited (NSDL) as its CFO in 2018.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
- Advertisement -EmpowerFest 2024
- Advertisement -Education Sabha
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Saudia Airlines launches AI-powered ‘Travel Companion’ with Accenture

Saudia, the national airline of Saudi Arabia, has launched its new AI-powered digital platform called Travel Companion, which has been developed with the help of consulting services firm Accenture.

RELATED ARTICLES