Mumbai, Aug 17 (PTI) State-run Central Bank of India on Monday said it has appointed Ashwini Kumar Shukla as its chief risk officer (CRO), effective August 3.

 Prior to his appointment, Shukla was working as general manager (risk management department) State Bank of India, the bank  said in a release.

Also Read | India's GDP to Contract 16.5 Percent in Q1 Due to COVID-19 Pandemic: SBI Report.

Last year, the finance ministry, as part of a reform agenda, had said state-run banks can recruit chief risk officers (CROs) from the market.

The state run lender is the first one to appoint a CRO from the market, the release said.

Also Read | iQOO 5 & iQOO 5 Pro Smartphones with Snapdragon 865 SoC Launched; Prices, Features, Variants & Specifications.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)