Paytm Money, a wholly-owned subsidiary of One97 Communications, has appointed Narasinganallore Venkatesh Srinivasan as its independent non-executive director.
Srinivasan, a seasoned financial industry professional, brings with him over four decades of experience, particularly in finance, risk management, capital markets and banking strategy.
Srinivasan’s previous roles and experience
Srinivasan has held several key positions throughout his career, which is a testament to his vast experience. Previously, he was the CEO of the Association of Mutual Funds of India (AMFI), where he played a significant role in shaping the mutual fund industry.
Prior to AMFI, Srinivasan served as Chief Financial Officer and CEO of Lakshmi Vilas Bank.
He also had a long career with IDBI Bank, where he held senior positions for nearly two decades, including Chief Financial Officer and Chief Executive Officer.
Contributions to the financial sector
In addition to his executive duties, Srinivasan has made notable contributions to various financial committees and advisory boards.
He chaired the Technical Advisory Committee of the Reserve Bank of India for the Fixed Income, Money Markets and Derivatives Association (FIMMDA) and was a member of the managing committee of the Foreign Exchange Dealers Association of India (FEDAI).
His expertise has also been sought by the Mutual Funds Advisory Committee and the Corporate Bonds and Securitisation Advisory Committee of SEBI. He has also provided advice to the Government of Maharashtra on issues related to cash management and government borrowing.
Focusing on governance and compliance
Srinivasan’s appointment by Paytm Money is in line with the company’s ongoing efforts to strengthen its governance and compliance standards.
The move follows a series of appointments of top industry executives to the boards of Paytm Money and its parent company, One97 Communications.
“I am pleased to join the board of Paytm Money and contribute to its mission of transforming the investment landscape in India. With my extensive experience in finance and banking, I am excited to work alongside a dynamic team dedicated to innovation and growth. Together, we will drive the vision of making investing accessible and impactful for all,” said Srinivasan.
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