Board approves re-appointment of Prashant Verma as Chief Information Security Officer
Bajaj Finance's Board approved the re-appointment of Prashant Verma as Chief Information Security Officer (CISO) as per RBI Guidelines.
By ScoutQuest · · 1 min read
- Effective Date
- 1 February 2027
- Tenure
- a period of three (3) years
- Experience
- around 21 years of experience in the security domain
What was approved
The Board of Directors of Bajaj Finance, at its meeting held on 19 October 2026, approved the re-appointment of Prashant Verma as Chief Information Security Officer (CISO) as per RBI Guidelines. The decision was taken on the recommendation of the Nomination and Remuneration Committee.
- Effective date: 1 February 2027
- Tenure: a period of three (3) years
- Subject to regulatory approvals, if any
- Remuneration and other terms: as applicable to senior employees of the Company as per Company policy
Who is Prashant Verma
He has been the Chief Information Security Officer (CISO) of Bajaj Finance Ltd since February 1, 2024. He joined the Company as head of the Cyber Risk Unit 7 years ago and now heads Information Security.
- Around 21 years of full-time experience in the security domain
- In his previous job, he architected security services and worked as a security auditor and consultant for various domestic and international banks and insurance companies
- He is a CISSP (Certified Information Systems Security Professional)
- He is co-author of a couple of security books
The update records that there is no relationship between directors to disclose in this case, as the change is not an appointment of a director.
How to read this
This is a continuation of the existing incumbent in a senior management role rather than a new appointment, with the new term beginning on 1 February 2027. Information security and cyber risk oversight are closely watched functions for a lender of Bajaj Finance's size, so the disclosure is a routine management continuity update under the change-in-management category.
Also from Bajaj Finance
Bajaj Finance Q2 FY27 earnings call transcript: AUM up 26.5% to Rs.5,84,624 crore, PAT up 29%
23 Oct 2026
Despite a guidance upgrade, dealing rooms saw institutional sell flows on Bajaj Finance
22 Oct 2026
Bajaj Finance faces headwinds from margin pressure, rising stress in asset quality, and additional provisions
21 Oct 2026
More numbers
- Period of re-appointment as CISOthree (3) years
- Full-time experience in security domainaround 21 years
- Tenure since joining as head of Cyber Risk Unit7 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.