Union Bank of India has announced the appointment of Smt. Sowmya Sridhar as the new Chief Risk Officer (CRO), effective May 22, 2026. Smt. Sridhar succeeds Shri Ashwini Kumar Ramakrishna Chowdhary, whose tenure concludes on May 21, 2026. Bringing over 30 years of banking experience, Smt. Sridhar is a certified FRM professional and has been instrumental in the bank’s risk management operations since December 2025.
Leadership Transition
Union Bank of India has officially confirmed a leadership change within its senior management team. Smt. Sowmya Sridhar, currently serving in the bank’s risk management division, will step into the role of Chief Risk Officer (CRO) starting May 22, 2026. She takes over from Shri Ashwini Kumar Ramakrishna Chowdhary, who is completing his three-year contractual tenure.
Professional Background and Expertise
Smt. Sridhar brings an extensive wealth of institutional knowledge to the position, having joined the bank on March 7, 1995, as a Scale I Officer. Over her 30-year career, she has held diverse responsibilities across credit, finance, accounts, and compliance. Her specialized background includes being a certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP), with 19 years of dedicated experience in risk management capacities.
Tenure and Future Oversight
The appointment is set for a term lasting until August 31, 2029. Smt. Sridhar’s recent experience as General Manager of Compliance and her current focus on Risk Management since December 2025 position her to lead the bank’s risk framework effectively during her upcoming tenure.
Source: BSE
