Capital Small Finance Bank has unveiled a leadership reshuffle, naming Sameer Mahawar as Chief Risk Officer, effective April 1, 2026. The appointment, approved by the board after a recommendation from the Nomination and Remuneration Committee, signals a sharpened emphasis on risk governance as the bank advances its growth agenda. Mahawar, 34, is a Chartered Accountant and holds a Bachelor of Commerce degree. He has spent over 14 years in the financial services space, including stints with Tata Consultancy Services and ICICI Bank, and has been with the bank since May 2017, most recently serving as Deputy CRO before stepping into the top risk role.
In a closely linked move, Raghav Aggarwal will be elevated to Chief Credit Officer (Branch Banking) with effect from April 1, 2026, following the completion of his tenure as Chief Risk Officer on March 31, 2026. The dual shift aligns risk and credit leadership under a streamlined executive structure, underscoring the bank’s focus on strengthening core risk and credit capabilities as it scales.
Together, the appointments reflect Capital Small Finance Bank’s commitment to nurturing internal talent and reinforcing governance across critical risk and credit functions. The board’s approval, grounded in the Nomination and Remuneration Committee’s recommendations, positions the bank to navigate an evolving lending landscape with continuity and depth in its leadership bench.
As Capital Small Finance Bank charts its next phase of growth, these moves place two senior figures at the heart of its risk and credit framework, signaling a concerted effort to balance growth with prudent risk management and robust credit oversight.