IFCI Limited has announced the re-appointment of Shri Jagdish Garwal as the Chief Risk Officer (CRO) for a further term of one year. This decision, made in compliance with RBI directives, follows the end of his previous tenure on February 28, 2026. The new term for Mr. Garwal, a seasoned executive with 32 years of experience in IFCI, commences on March 01, 2026, and concludes on February 28, 2027.
Key Personnel Announcement
IFCI Limited has officially confirmed the continuation of key leadership, announcing the re-appointment of Shri Jagdish Garwal as the Chief Risk Officer (CRO) of the Company.
This extension comes as Mr. Garwal’s prior tenure was set to conclude on February 28, 2026.
New Term Details
Shri Jagdish Garwal has been re-appointed for a term of one year. This new tenure is effective from March 01, 2026, and will remain active until February 28, 2027.
Profile of the Chief Risk Officer
Shri Jagdish Garwal currently holds the designation of General Manager at IFCI Ltd.
His qualifications include a B.E. (Comp), MBA, and LLB, in addition to being a Certified Associate of the Indian Institute of Banker (CAIIB).
Mr. Garwal possesses a substantial tenure within the organization, amounting to approximately 32 years of rich experience across various critical departments within IFCI and its subsidiary. These areas of expertise include IT, Sugar Development Fund, Vigilance, Recovery, and Internal Audit.
He has already served as the Chief Risk Officer (CRO) of the Company for the preceding two years.
Source: BSE
