MobiKwik hires RBL'S senior VP as chief risk officer

Issuer-independent digital financial services platform MobiKwik on Thursday announced the appointment of Puneet Agarwal as the chief risk officer.

He will be setting-up and managing the risk management framework for the financial services business at MobiKwik, which would involve creating lending policies, risk models and portfolio management strategies to help acquire the right set of customers, and build a profitable and sustainable business.

The company is in the process of creating lending products in partnership with leading banking institutions and Non-banking financial institutions (NBFC).

"We are extremely excited to welcome Puneet to the MobiKwik team. With his wealth of experience, I am certain that Puneet will contribute immensely to MobiKwik's next phase of growth," said co-founder MobiKwik, Upasana Taku.

"MobiKwik is on a mission to enable a billion Indians with one tap access to financial services, and I am excited to receive the opportunity to contribute to this mission. Future products from MobiKwik will solve financing issues for the masses, who do not yet have access to easy credit and other services. I am confident that our offering will transform the way Indians perceive and avail financial services," said Puneet Agarwal.

Puneet has over 16 years of experience with reputed multinational and Indian banking and financial service organizations.

Till recently, he was heading the risk division for credit cards at RBL India.

Puneet has demonstrated expertise in the areas of credit policy and portfolio management, credit assessment, operational risk and bad debt management.

He has been actively involved in the development, implementation and maintenance of multiple score cards for credit cards and asset products.

Puneet has also led multiple digital lending initiatives using conventional and alternate data based programs.

He will be implementing his expertise in secured and unsecured loans, loan origination and collection management systems to establish the lending vertical at MobiKwik.