Tag: CXO Movement

Fullerton India appoints Rahul Bhardwaj as CIO, BFSI News, ET BFSI

Banking & Finance

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Fullerton India Credit Company Limited (Fullerton India), a leading Non-Banking Financial Company, today announced the appointment of Rahul Bhardwaj as their Chief Information Officer and Head of Operations & Customer Service. He will be reporting to Pavan Kaushal, Chief Operating Officer.

Bhardwaj re-joins Fullerton India from Jio Payments Bank, where he was a part of the founding team and led the operations for Jio Payments Bank and Reliance Payments Solutions Ltd. During his 25 years work experience, Bhardwaj has worked with leading financial and technological institutions such as ICICI Bank, Aptech Internet and Globus Stores.

Bhardwaj was previously with Fullerton India for 11 years, where he held leadership positions in multiple roles, heading Operations, Customer Service and Technology. He played a key role in strategizing, designing and implementing the first full suite of technology applications at the company. During his role in Operations, Rahul led the creation of a regional structure and instituted a metrics-driven delivery culture.

Speaking on the appointment, Shantanu Mitra, CEO and MD, Fullerton India, said, “On behalf of the Fullerton India family, we are delighted to welcome back Rahul. Rahul has previously been with us for over a decade and helped the company grow immensely, while holding multiple leadership roles. We are certain he will draw from his past experiences in the industry and add value with his ideas to strengthen and help lead Fullerton India’s business and technological transformation during his tenure.”

“I am delighted to be back at Fullerton India. It had been an enriching and rewarding experience working for this organization. Through my current role, I look forward to not just enhancing the company’s Ops and Tech space but to take it to the next level of Digitization and business growth by deepening our technology adoption and expanding our digital footprints. We hope that this transformation will help us reach our customers more effectively and serve them better,” Bhardwaj said.



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Beacon Trusteeship appoints Sanjay Sinha as Independent Director on the Board of the Company, BFSI News, ET BFSI

Personal Finance

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SEBI registered Debenture Trustee Beacon has announced the appointment of Sanjay Sinha as Independent Director on the Board of the company.

Sanjay Sinha, Ex-MD and CEO, Axis Trustee Services, brings with him more than 35 years of diverse experience in areas such as credit granting and administration, credit risk management, debt resolutions, FX transaction execution with hedging solutions, trusteeship services for loans, debt securities and other asset classes, agency services, compliance management, according to a statement.

Pratapsingh Nathani, Chairman and MD, Beacon Trusteeship, said, “We are delighted to have Sinha on board and learn from his rich experience. His in-depth knowledge would enhance the existing strengths and capabilities of Beacon Trusteeship Board which already includes some of the most respected names as its independent board members.”

In his earlier stints, Sinha has held apex positions at Axis Bank and SBI. He served as Group Head – Corporate Credit at Axis Bank and also served as the Head of Credit and Investment Banking at Axis Bank UK, the statement added.

He is currently the President of the Trustee Association of India (TAI) and is also on various working groups formed by SEBI for strengthening the regulatory framework for domestic bond markets.



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Narayan Gangadhar takes charge as CEO of Angel Broking, BFSI News, ET BFSI

Personal Finance

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Fintech brokerage firm Angel Broking has announced the appointment of Narayan Gangadhar as CEO.

Narayan has more than two decades of global experience leading technology businesses at top tier Silicon Valley companies including Google, Microsoft, Amazon and Uber, according to a statement. He brings a lot of operating experience leading highly disruptive businesses by driving innovation in product, technology, capability building and processes automation.

Narayan was Head of Technology at Uber in San Francisco where he led the company’s core infrastructure, machine learning, data platform and data science teams of over 650 employees across the globe. At Google, he was based out of Silicon Valley Offices where he led large product and engineering teams to launch the first set of Google’s cloud infrastructure services, such as Google Compute Engine, Google Cloud SQL, Google Container Engines. He also led large teams responsible for developing the overall application infrastructure which power productivity apps like Google Drive, Google Docs, etc.

Before Google, Narayan was General Manager and Director at Amazon Web Services where he developed Amazon’s Cloud Database business. He was most recently the Founder & CEO of a robotics startup in San Francisco that develops automated urban mobility solutions.

He’s also served on the board of technology companies such Madison Logic, Digital Asset and advises many early-stage startups looking to advance their teams and platforms, positioning them for success.

Narayan Gangadhar, CEO, Angel Broking, said, “The Indian market is at an interesting juncture as more people make technology a part of their daily lifestyles. As a CEO, my entire focus will be on unlocking superior efficiency for all stakeholders. The overarching objective is to make the product more accessible in the mass market. I am grateful to the Board of Directors for granting me this opportunity and look forward to generating the desired synergies with everyone at Angel Broking and beyond.”

Dinesh Thakkar, CMD, Angel Broking, said, “Narayan is the right person to lead Angel Broking along its journey as a leader in this industry. He is a well-rounded engineer with great leadership qualities and will add significant value to our existing digital assets. Plus, he will help us realize our aspirations to become a preferred Fintech company in India. With Narayan leading the team, I am sure we will scale new heights in making international standard apps, offering world-class customer experience, and taking best-in-class AI/ML journeys for new and existing customers to understand investing and trading well.”



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S Ramann appointed as chairman & managing director of SIDBI, BFSI News, ET BFSI

Banking & Finance

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New Delhi: The government has appointed S Ramann as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI). The appointment is for a period of three years from the date of his assuming the charge or until further orders, a government statement said.

In December, Banks Board Bureau, the headhunter for state-owned banks and financial institutions, had recommended his name for the post.

Ramann, a 1991-batch Indian Audit & Accounts Service officer, is currently the CEO of National E-Governance Services Ltd, India’s first Information Utility.

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Canara Bank’s Executive Director Matam Venkata Rao appointed as MD & CEO of Central Bank, BFSI News, ET BFSI

Banking & Finance

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New Delhi: Public-sector lender Canara Bank on Monday said its Executive Director Matam Venkata Rao has been appointed as the new MD & CEO of Central Bank of India. The central government through a gazette notification on February 26, 2021 has appointed Matam Venkata Rao, Executive Director, Canara Bank, as Managing Director and Chief Executive Officer in Central Bank of India for a period of three years, Canara Bank said in a regulatory filing.

Rao’s appointment in the Central Bank of India will be effective from the date of assumption of office on or after March 1, 2021, or until further orders, whichever is earlier, said the lender.

“He ceases to be the Executive Director of Canara Bank with effect from March 1, 2021,” Canara Bank said.

In May last year, the Banks Board Bureau had recommended Rao to be the new MD & CEO of Central Bank of India.

Rao’s appointment is in lieu of M D Pallav Mohapatra, who retired as the MD & CEO of Central Bank of India on February 28, 2021.



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AU Small Finance Bank appoints Sharad Goklani as CTO, BFSI News, ET BFSI

Banking & Finance

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AU Small Finance Bank has appointed Sharad Goklani as President & CTO. He will be based out of Jaipur and will report to the company’s CIO, Ankur Tripathi.

In his new role, Goklani would be responsible for ensuring technology deployment and adoption across the bank.

“Moreover, given the diverse personas of our customer base, as a CTO of a tech-first Bank, Mr. Goklani would be responsible for creating technology interfaces, which are adaptable are flexible enabling tailor-made services for our unique set of customers,” the company told ETCIO.

Founded in Jaipur in 1996 as Au Financiers, a non-deposit taking NBFC, the company transformed into AU Small Finance Bank in 2017.

As a retail-focused bank constantly innovating to make banking simple for its customers, AU Bank is now moving towards being a digitally-led Bank with a pan India presence.

Previously, Goklani was EVP & CTO at Equitas Small Finance Bank. He has close to 25 years of professional experience and has worked with companies like Bharti Airtel and NIIT Limited in the past.

Purani has done his MCA from the University of Rajasthan.



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