You are here: Home » News-ANI » Business
Business Standard

MobiKwik hires RBL'S senior VP as chief risk officer

Topics
Business Finance

ANI  |  Mumbai (Maharashtra) [India] 

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 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

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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 18 2018. 18:00 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU