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CRED ropes in former SBI MD Sriram as independent director

Money Control

Money Control · 2y ago

CRED ropes in former SBI MD Sriram as independent director

Cred has appointed former State Bank of India (SBI) Managing Director Dinesh Kumar Khara as an Independent Director. Khara's vast experience in the banking sector and expertise in financial services will contribute to Cred's growth and strategic decision-making. This appointment showcases Cred's focus on strengthening its leadership team with experienced professionals to drive its vision in the Indian fintech industry. As part of the board, Sriram will provide guidance and counsel for the company’s long-term strategy, growth plans, and execution roadmap.

Related News

PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board

Inc42 · 2y ago

PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board

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.

Infibeam Onboards Ex-SBI Pension Funds Executive Narayanan Sadanandan As Independent Director

Inc42 · 1y ago

Infibeam Onboards Ex-SBI Pension Funds Executive Narayanan Sadanandan As Independent Director

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.

Infibeam Avenues appoints ex-SBI pension fund MD N Sadanandan as independent director

YourStory

YourStory · 1y ago

Infibeam Avenues appoints ex-SBI pension fund MD N Sadanandan as independent director

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.

Cashfree Ropes In Former NPCI Executive Abhaya Hota As Independent Director

Inc42 · 1y ago

Cashfree Ropes In Former NPCI Executive Abhaya Hota As Independent Director

Hota is a former managing director and CEO of the National Payments Corporation of India (NPCI). He also held a key position at the Reserve Bank of India for over 25 years. Currently, he serves as an independent director at Federal Bank, NSE Clearing, Protean e-Gov Technologies, and RBI Innovation Hub.

Ex-SBI Deputy MD quits CMS Info after flak over selective exit from Paytm Bank

Livemint

Livemint · 2y ago

Ex-SBI Deputy MD quits CMS Info after flak over selective exit from Paytm Bank

Former State Bank of India (SBI) deputy managing director, Manju Agarwal, has resigned from the board of CMS Info Systems. Agarwal had previously resigned as an independent director from Paytm Payments Bank Limited (PPBL). Her attempt to seek reappointment at CMS Info Systems faced criticism due to concerns about selective "preoccupation," prompting her resignation. The timing of her departure from PPBL, coinciding with the Reserve Bank of India's ban on the bank, raised questions about potential conflicts of interest and the capacity of independent directors to manage multiple board positions effectively.

Go Digit Ropes In Two Non Executive Directors To Drive Growth

Inc42 · 1y ago

Go Digit Ropes In Two Non Executive Directors To Drive Growth

The company has named Mahendra Kumar Garg as a non-executive, independent director, and Gopalakrishnan Soundarajan as a non-executive director. These appointments come after the resignation of Chandran Ratnaswami from the board. The board of directors approved the appointments in a meeting held on June 28.

Slice appoints former SBI executive Sreedevi Pillai to bank board

Entrackr

Entrackr · 3d ago

Slice appoints former SBI executive Sreedevi Pillai to bank board

Slice appoints former SBI executive Sreedevi Pillai to bank board Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager Risk Management at State Bank of India (SBI), as an Independent Director Non Executive to its Bank Board. Pillai brings 36 years of banking leadership experience, most of it at SBI, where she oversaw operational risk management, fraud prevention and monitoring, and enterprise and group risk management across the bank and its group entities. During her tenure, she led the development of fraud detection frameworks that helped SBI become one of the first large commercial banks in India to deploy such capabilities at scale. According to Slice, her appointment comes as the company strengthens its institutional governance and risk framework in line with its long term growth plans. "The bank’s commitment to building a transparent, digitally driven and inclusive banking platform aligns strongly with the evolving landscape of responsible finance in India. I look forward to working closely with Rajan, the leadership team and the Board to contribute to robust governance, prudent risk management and sustainable growth," said Sreedevi Pillai, Independent Director at Slice. Last month, Slice appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company. Rajan Bajaj founded Slice in 2016 and led the company from a consumer fintech startup to a regulated bank following its merger with North East Small Finance Bank in 2024. The company says it has served more than 20 million registered users, employs over 3,000 people and has raised more than $250 million from investors including Tiger Global, Insight Partners and Advent International.

TV Narendran likely to join Tata Sons board

Economic Times

Economic Times · 6m ago

TV Narendran likely to join Tata Sons board

TV Narendran, the global CEO and MD of Tata Steel, is expected to join the Tata Sons board as a group company representative. This follows the exit of Ralf Speth, the former CEO of Jaguar Land Rover, and independent director Leo Puri. With over three decades of experience at Tata Steel, Narendran's leadership and strategic moves, like the Bhushan Steel acquisition, are highlighted. His appointment reflects the evolving composition of the Tata Sons board.

Slice appoints former SBI risk chief Sreedevi Pillai as independent director

IndianStartupNews

IndianStartupNews · 3d ago

Slice appoints former SBI risk chief Sreedevi Pillai as independent director

Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India, as an Independent Director to its board. With 36 years of experience at SBI, Pillai's expertise in operational risk and fraud oversight will aid Slice's governance as it evolves into a regulated banking entity. Her appointment aligns with the company's strategy for robust governance and growth. Slice became a regulated bank after merging with North East Small Finance Bank in 2024.

J&K Bank appoints veteran banker S Krishnan as non-executive chairman

Economic Times

Economic Times · 6m ago

J&K Bank appoints veteran banker S Krishnan as non-executive chairman

J&K Bank's board has approved the appointment of S Krishnan as its non-executive chairman, effective until March 26, 2028, pending RBI approval. Previously an independent director at the bank, Krishnan has served as MD & CEO of Punjab & Sind Bank and, following retirement, as MD & CEO of Tamilnad Mercantile Bank. With over four decades of banking experience, Krishnan holds a postgraduate degree in Commerce and is a qualified Cost Accountant.

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