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Cred's head of risk Kunal Kashyap quits, set to join Slice

Economic Times · 1y

Kunal Kashyap, former head of risk at fintech unicorn Cred, has resigned to join rival firm Slice, which is set to become a bank after merging with North East Small Finance Bank. Kashyap will be overseeing the credit business within the newly-formed bank once regulatory authorities approve the merger. Cred's credit business has become a significant revenue source, prompting Kashyap's departure. Slice is gearing up for banking operations and has appointed Satish Kumar Kalra as CEO for the banking entity. Slice reported an operating revenue of Rs 846 crore and a net loss of Rs 405 crore in FY23.