PTC India Financial Services Extends Chief Risk Officer Tenure for Two Years
PTC India Financial Services Limited has extended the tenure of its Chief Risk Officer, Shri Devesh Singh, reflecting strong confidence in his capabilities and expertise within the financial services sector. The Board of Directors granted a further two-year extension to Mr. Singh's role, effective from June 26, 2026.Mr. Singh will continue serving as both Key Managerial Personnel and Senior Managerial Personnel of the Company following the extension. This latest decision comes after his previous tenures cemented his standing in risk management at the firm. He was initially appointed as Chief Risk Officer in 2019 for a two-year term (2019-2021) and was subsequently reappointed for a five-year tenure beginning June 26, 2021.
The extension underscores the depth of his experience and contributions to strengthening the Group's credit and risk capabilities at PTC India Financial Services Limited (PFS).
CRO Profile and Experience
Shri Devesh Singh is described as a seasoned financial services professional boasting over 22 years of experience across corporate banking, treasury, and risk management. He has dedicated 17 years to the PTC Group, bringing extensive expertise in strategic business development, banking, and risk mitigation.His early career experiences provided him with a strong foundation in structured lending, financial analysis, and relationship management. His background includes roles in credit and marketing at Standard Chartered Bank, risk analytics at GE Capital (via Genpact), and corporate banking at IDBI Bank.
Since joining PTC India Ltd. in June 2007, Mr. Singh has played a critical role in bolstering the Group’s capabilities. He joined PFS on October 3, 2011, where he was instrumental in institutionalizing risk practices, which included developing risk policies and implementing internal rating models to strengthen governance frameworks.
The following table details his professional background:
| Area | Details |
|---|---|
| Years of Experience | Over 22 years across banking, treasury, and risk management. |
| Experience with PTC Group | 17 years. |
| Role at PFS Start Date | October 3, 2011. |
| Key Expertise | Risk management implementation, internal rating model development, and strengthening governance frameworks. |
Education
Mr. Singh holds a strong educational background in finance:- MBA (Finance): ICFAI Business School, Hyderabad (2003).
- Diploma in Business Finance: ICFAI (2002).
- Bachelor's Degree (Commerce): Delhi University (2000).
PFS Stock Price Movement
Shares of PTC India Financial Services Limited are edging higher as of 1:45 PM, climbing by 0.87% to currently trade at ₹31.32 per share. The equity has seen robust activity in the live market session with a trading volume tallying 431,325 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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