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News on Medial
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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Paytm Money appoints Vipul Mewada as CFO
Economic Times
·
1y ago
Medial
Paytm Money has appointed Vipul Mewada as the CFO. He previously held the position of deputy CFO at ICICI Securities. The CFO position at Paytm Money had been vacant since April 2023. Mewada's appointment came just before RBI's action against Paytm Payments Bank, which is independent from Paytm Money. Paytm Money focuses on stock markets and mutual fund investments but has been trailing behind its competitors in the stockbroking field.
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Why Airtel Payments Bank is happy to play second fiddle
Livemint
·
1y ago
Medial
Airtel Payments Bank is targeting urban Indians who are hesitant to use their primary bank accounts for low-value transfers through the Unified Payments Interface (UPI). The payments bank, owned by Bharti Airtel, found that a significant number of its new customers already had an account with another bank and wanted a secondary account specifically for payments. The increasing instances of UPI fraud and the need to separate small-value digital transactions from monthly statements are cited as reasons for this trend. Airtel Payments Bank saw significant growth in customer acquisition and reported a net profit for the fiscal year 2023-24.
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Cashfree appoints Piyush Anchliya from Bandhan AMC as new CFO
Economic Times
·
3m ago
Medial
Cashfree Payments, an online payment processor based in Bengaluru, has appointed Piyush Anchliya as its new CFO, succeeding Vikas Guru. Anchliya, with over 15 years of experience in financial services from Barclays Investment Bank and Lehman Brothers, will focus on financial strategy and operational optimization to support Cashfree's growth. Previously the CFO at Bandhan AMC, Anchliya will report to Cashfree cofounder Akash Sinha. Cashfree recently secured significant funding and an RBI license.
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Navi Finserv appoints ex-RBI director Anil Misra as non-executive Chairman
YourStory
·
11m ago
Medial
Former Executive Director of the Reserve Bank of India (RBI), Anil Kumar Misra, has been appointed as the non-executive Chairman of Navi Finserv Limited. Misra will join as the Executive Chairman while Sachin Bansal will continue as CEO. With extensive experience in overseeing banking and non-banking financial institutions, Misra's appointment is expected to strengthen Navi Finserv's focus on governance and long-term growth. Commenting on the addition, Bansal expressed excitement and emphasized Misra's expertise in financial services. Misra has also served on the boards of significant banks, including Punjab National Bank and Union Bank of India.
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J&K Bank appoints Ketan Kumar Joshi as new CFO
Economic Times
·
1m ago
Medial
Jammu and Kashmir Bank has appointed Ketan Kumar Joshi as its Chief Financial Officer for a three-year term, replacing Fayaz Ahmad Ganai. Joshi, a seasoned banking and finance professional with over two decades of experience, previously served as CFO at North East Small Finance Bank Ltd, where he implemented key initiatives. His career spans roles in Afghanistan with Maiwand Bank, Bakhtar Bank, and Ghazanfar Bank, and as Senior Vice President at Bank of Tokyo-Mitsubishi UFJ Ltd, Mumbai.
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Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPe
Economic Times
·
1y ago
Medial
Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head of operations Before joining BharatPe, he worked across organizations such as Airtel Payments Bank, Paytm Bank and Fortis Healthcare.
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PPBL Tops Chart On Highest Complaints Per Branch In FY22-23
Inc42
·
1y ago
Medial
Paytm Payments Bank Ltd (PPBL) received the highest number of complaints per branch among payments banks, according to the Reserve Bank of India's annual report. PPBL recorded an average of 501.86 complaints per branch, with a total of 3,513 complaints between April 2022 and March 2023. This figure surpassed the number of complaints received by other payments banks such as NSDL Payments Bank and Airtel Payments Bank. The complaints primarily focused on mobile/electronic banking and non-adherence to fair practices code. The restrictions imposed by the RBI on PPBL are expected to impact only a small percentage of Paytm app users.
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InCred CFO Vivek Bansal Quits To Float His Own NBFC Venture
Inc42
·
11m ago
Medial
Vivek Bansal, former group CFO of InCred, has resigned and is planning to launch his own NBFC venture called Saarathi Finance. Bansal is collaborating with Sunil Daga, president of Kotak Mahindra Bank, for this venture. Saarathi Finance is currently seeking approval from the RBI and is in discussions with investors to raise INR 600 crore at a potential valuation of INR 1,000 crore.
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Airtel Payments Bank's FY24 profit surges 60% to Rs 34.5 Cr
YourStory
·
1y ago
Medial
Airtel Payments Bank, a subsidiary of Bharti Airtel, reported a 60% YoY increase in profit to Rs 34.5 crore in FY24. Its revenue for the fiscal rose by 42% to Rs 1,836 crore. The payments bank recorded a strong Q4 with a 15% sequential growth at Rs 539 crore. It onboarded more than a million new customers monthly and witnessed significant growth in savings account acquisitions. The monthly transacting users reached 80.4 million, and the bank's gross merchandise value stood at Rs 2,550 billion.
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BharatPe appoints former Razorpay executive Pankaj Goel as CTO
Inshorts
·
2y ago
Medial
BharatPe has named Pankaj Goel as its new Chief Technology Officer (CTO), approximately seven months after the departure of former CTO Vijay Aggarwal. Goel, who has previously held leadership roles at companies like Sun Microsystems and Trilogy, will report to interim CEO Nalin Negi and CFO. Prior to joining BharatPe, Goel served as the Head of Payments Engineering at Razorpay.
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