(Riya Saha, Intern Journalist)One97 Communications Ltd, which operates Paytm, has appointed Bhavesh Gupta as chief executive officer (CEO) of its lending business. In his new role, Bhavesh will develop and expand Paytm’s lending services and help the company create new credit products for customers and SMEs in partnerships with other banks and NBFCs.
Prior to this post, Gupta served as the founding member and CEO of Clix Capital, earlier known as GE Capital India.
Before that, he was the founding member and head–SME and business banking at IDFC First Bank for two years. Gupta also spent more than a decade at ICICI Bank where he played a senior role across retail banking, both on liabilities and lending side of the business.
“I am thrilled to be part of the team that is responsible for introducing innovative products such as Paytm Postpaid, making a meaningful effort to promote financial inclusion in the country. I plan to build—along with a fantastic team—the most cost-effective and consumer-friendly lending products for all citizens. The wealth management and financial service solutions that Paytm is building are transforming the lives of millions of Indians and are relevant globally as well,” added Gupta.
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