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Pratik Vaidya appointed director on IACC National Executive Council
MUMBAI: The Indo-American Chamber of Commerce has added fresh perspective to its national leadership with the appointment of Pratik Vaidya as director of its National Executive Council.
Vaidya, who is chief vision officer and managing director of Karma Management Global Consulting Solutions Pvt Ltd, will play a key role in shaping the Chamber’s strategy, policy engagement and initiatives aimed at deepening India US trade and industry ties.
The appointment builds on Vaidya’s growing influence in policy and compliance circles. He recently took charge as head and convenor of the HR Compliance and Labour Committee at the national level for the India SME Forum, where he works closely with MSMEs on labour code implementation and transparent, business-friendly compliance practices.
With more than two decades of experience, Vaidya has steered Karma Global into a respected international advisory brand. Over the past two years, he has led the launch of three overseas ventures in Canada, the United States and the United Kingdom, where he serves as chairman and managing director.
His global exposure includes representing India at major international forums. He led delegations at the SelectUSA Summit in 2022 and again in June 2023, under the Ministry of MSME, the Ministry of External Affairs and the Indo-American Chamber of Commerce. In July 2023, he also participated in Collision 2023 in Canada, engaging with global innovators and forging partnerships to strengthen Karma Global’s technology and compliance capabilities.
An active member of industry bodies such as the Indo-American Chamber of Commerce, India SME Forum, Indian Chamber of Commerce, Nasscom and Assocham, Vaidya is known for bridging policy intent with on-ground business realities.
Commenting on his new role, Vaidya said India and the United States are entering a phase of deeper economic collaboration driven by trade, innovation and strategic alignment. He added that his focus would be on strengthening dialogue between industry and policymakers, promoting compliant and sustainable business practices, and creating practical platforms for knowledge sharing.
With his mix of global exposure and hands-on expertise, Vaidya’s entry adds momentum to the Chamber’s efforts to make cross-border collaboration not just bigger, but better.
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YES Bank appoints S Anantharaman as chief risk officer
Former Jio Financial Services group chief risk officer takes charge of enterprise-wide risk at the embattled private lender
MUMBAI: YES Bank is not taking chances with risk anymore. The private lender has appointed S Anantharaman as its chief risk officer, a hire that signals the bank’s continued effort to rebuild credibility and tighten the controls that once famously slipped.
Anantharaman arrives from Jio Financial Services, where he served as group chief risk officer and built a risk management architecture spanning lending, payments, insurance broking and asset management from the ground up. Before that, he held the chief risk officer role at Bank of Baroda and senior leadership positions at HDFC Bank and L&T Finance Holdings. Three decades in banking and financial services, in other words, with scars and qualifications to match. He is a chartered accountant and a CFA charterholder.
At YES Bank, his brief is considerable. Anantharaman will oversee the bank’s entire enterprise-wide risk framework, covering credit policy, market risk, operational risk, information security, data governance, analytics, model governance and data privacy. It is, in short, every lever that matters when a bank is trying to prove it has grown up.
YES Bank’s turbulent past needs little rehearsing. What it needs now is exactly what Anantharaman has spent thirty years building: the kind of risk culture that stops problems before they become headlines. The appointment suggests the bank knows it.
