Mallika Mittal is currently the Chief Risk Officer and Steering Committee member at Mahindra
& Mahindra Financial Services Ltd. Prior to joining Mahindra Finance, was Senior Vice
President, Head of Retail Risk Review at HDFC Bank(2021). She was responsible for reviewing
and managing of Credit risk across all Retail & SME portfolios of the Bank.
Mallika has more than 23 years of extensive experience in risk management across key private
sector banks of the country. She has played critical strategic roles and worked with crossfunctional teams in laying down credit policies, developing new products, managed various
Retail asset credit portfolios, managed all India geographies, trained underwriting teams,
managed channel risk across Retail asset products, created and implemented risk assessment
and monitoring frameworks and managing regulatory risk. She has held key Risk and
Regulatory positions with HDFC Bank, ICICI Bank and IndusInd Bank.
She spearheaded various pivotal roles in her stint of over 17 years at HDFC Bank. She was
Head of Credit Policy – Unsecured Loans & Education Loans for about 10 years, moved on as
Head of Enterprise Risk Management. Later took up Head of Retail Operational Risk and Head
of Outsourcing Risk Management.
A native from Jaipur, she holds Bachelor’s degree in Mathematics, Statistics and Economics
from Rajasthan University. Has dual MBA – MBA(Finance) from J.N.V. University, Jodhpur and
Exec. MBA (PGPMAX) from Indian School of Business, Hyderabad.
She has been representing as key note speaker on various inter-bank/finance Risk forums.
She’s on the Diversity & Inclusion Council at Mahindra Finance and was awarded “Tejaswini”
as a “woman super achiever” in her previous stint with HDFC Bank.