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News on Medial
SBICAP appoints former SBI executive as MD, CEO
VCCircle
·
1y ago
Medial
SBICAP Ventures Ltd, the alternative asset management arm of State Bank of India (SBI), has appointed Prem Prabhakar as its new MD and CEO. In his new role, Prabhakar will be responsible for overseeing the strategic direction, operational efficiency, and overall growth of the company. He brings over 24 years of experience in the banking sector, having previously served as a general manager at SBI. This appointment comes as SBICAP recently launched its Trilateral Development Cooperation Fund in partnership with the Ministry of External Affairs.
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PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board
Inc42
·
1y ago
Medial
PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.
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Infibeam Avenues appoints ex-SBI pension fund MD N Sadanandan as independent director
YourStory
·
1y ago
Medial
Indian fintech company Infibeam Avenues has named Narayanan Sadanandan as an independent director. Sadanandan, former MD and CEO of SBI Pension Funds, brings more than 40 years of experience to the role. He will help strengthen the company's governance framework. Sadanandan's appointment is pending shareholder approval. Infibeam Avenues offers digital payment solutions through CCAvenue, as well as payment issuing services and a spend management platform for corporate payments and accounting. The company's net profits rose by 12.2% to INR 209.5 crore ($28 million) for the financial year ended 31 March 2024.
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Tata AIA Life appoints Venkatachalam H as CEO & MD
Livemint
·
1y ago
Medial
Tata AIA Life Insurance has announced the appointment of Venkatachalam H as its new CEO and MD. He will succeed Naveen Tahilyani, who will continue as a non-executive director of the company. Venkatachalam joined Tata AIA in 2016 and previously served as the President and Chief Distribution Officer.
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CDPQ-backed Edelweiss ARC appoints insider as interim MD and CEO
VCCircle
·
4m ago
Medial
Edelweiss Asset Reconstruction Company appointed Mythili Balasubramanian as interim MD and CEO, following RBI approval. Balasubramanian, with over 40 years in banking and insolvency, will serve until September 30. Her appointment comes after the RBI rejected reappointment of former MD and CEO Raj Kumar Bansal. Edelweiss ARC, backed by Canadian pension fund CDPQ, manages Rs 28,000 crore in assets. The company plans to explore international opportunities and potential public listing in coming years.
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National Investment and Infrastructure Fund appoints former Actis exec as MD & CEO
VCCircle
·
1y ago
Medial
The National Investment and Infrastructure Fund (NIIF) has appointed Sanjiv Aggarwal, former Asia head for energy investments at private equity firm Actis, as its managing director and CEO. Aggarwal will assume his new role on 1 February and take over from interim head Rajiv Dhar. NIIF is a quasi-sovereign fund of the Indian government and focuses on investing in infrastructure and other sectors. Aggarwal's appointment comes after the exit of the former MD and CEO Sujoy Bose, who stepped down in September 2022.
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Paytm Money appoints former AMFI CEO NV Srinivasan on its board
Economic Times
·
11m ago
Medial
Paytm Money, the subsidiary of fintech platform Paytm, has appointed Narasinganallore Venkatesh Srinivasan as a non-executive independent director. Srinivasan previously served as the CEO of the Association of Mutual Funds in India and held senior positions at Lakshmi Vilas Bank and IDBI Bank. The appointment aims to strengthen compliance and governance standards at Paytm Money. Cyrus Khambata, a former executive at Central Depository Services, is the other independent non-executive board member.
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PayU Payments appoints former HDFC chief Renu Sud Karnad as new Chairperson
Livemint
·
1y ago
Medial
PayU Payments, owned by Prosus, has added five new members to its board of directors to enhance its strength and strategic guidance. The board now comprises seven members, with Renu Sud Karnad, former MD of HDFC, as the chairperson. Other new members include Gopika Pant, Managing Partner at Indian Law Partners, Jairaj Purandare, Founder and Chairman of JMP Advisors Pvt Ltd, Laurent Le Moal, former Global CEO of PayU Group, and Jan Bune, a former Partner at Deloitte Netherlands. The expansion aims to bolster PayU's presence in the evolving Indian payments landscape.
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Infibeam Onboards Ex-SBI Pension Funds Executive Narayanan Sadanandan As Independent Director
Inc42
·
1y ago
Medial
Infibeam Avenues has appointed Narayanan Sadanandan as an Independent Director. Sadanandan previously served as the MD & CEO of SBI Pension Funds and brings with him extensive experience in banking, digital banking, and finance. His career includes various roles within the State Bank of India, including CEO of SBI's Frankfurt Branch and Chief General Manager of SME at SBI. His appointment will likely enhance Infibeam Avenues' board with his expertise in the financial sector.
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Uday Kotak passes baton to Dipak Gupta, top things to know about him
Livemint
·
1y ago
Medial
Dipak Gupta, currently Joint MD of Kotak Mahindra Bank, will serve as MD and CEO until December 31, 2023, pending RBI and member approval. Gupta, a highly regarded banker, joined Kotak Mahindra Primus Limited as CEO in 1996 and has held various leadership roles in the organization. Founder Uday Kotak expressed his commitment to the bank as a non-executive director and significant shareholder following his resignation as CEO.
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Airtel Payments Bank Appoints Anuj Bansal As CFO
Inc42
·
1y ago
Medial
Anuj Bansal has been appointed as the Chief Financial Officer of Airtel Payments Bank, bringing his extensive experience in financial planning and analysis from his previous role as the VP at MasterCard India. In his new role, Bansal will be responsible for overall financial strategy, including corporate financial planning, budgeting, supply chain, and treasury management. He will report directly to Airtel Payment Bank's MD and CEO, Anubrata Biswas, and will be part of the company's executive committee. This appointment reflects the company's commitment to expanding its product suite and maintaining its unique position in the Indian market.
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