In a significant development, One97 Communications Limited—the parent company of Paytm—has announced the appointment of Narasinganallore Venkatesh Srinivasan as the non-executive independent director of its wholly owned subsidiary, Paytm Money Limited (PML).
This move underscores Paytm’s commitment to maintaining robust compliance and governance standards. Let’s delve into the details of this key appointment.
New Roles and Responsibilities at Paytm
Highest Standards of Compliance: Paytm’s decision to appoint an independent director aligns with its commitment to transparency and ethical practices. Narasinganallore’s role will involve overseeing governance processes, ensuring adherence to regulations, and safeguarding the interests of investors.
Expertise Beyond Borders: Beyond his domestic contributions, Narasinganallore has participated in national advisory committees. His involvement with SEBI’s Mutual Funds Advisory Committee and Corporate Bonds and Securitisation Advisory Committee demonstrates his dedication to shaping India’s financial landscape.
Cash Management and Government Borrowing: Narasinganallore’s advisory work with the Maharashtra government on cash management and government borrowing highlights his practical understanding of fiscal matters.
Also Watch: How Gen AI Transforms Learning & Employee Growth, Click Here
Narasinganallore’s Distinguished Career
With a career spanning over four decades, Narasinganallore brings a wealth of experience to his new role. His expertise encompasses various facets of the banking and financial sector, making him a valuable addition to Paytm Money’s board.
Finance and Risk Management: Narasinganallore’s background includes extensive work in finance and risk management. His insights into capital markets, credit risk, and market risk will be instrumental in shaping Paytm Money’s strategic decisions.
Leadership at AMFI: Prior to joining Paytm, Narasinganallore served as the chief executive officer of the Association of Mutual Funds in India (AMFI). His tenure there allowed him to engage closely with the mutual fund industry, understand investor dynamics, and navigate regulatory landscapes.
Banking Strategy and Treasury: Narasinganallore’s multifaceted career includes senior positions at IDBI Bank, where he contributed significantly to the bank’s strategy and treasury functions. His understanding of banking operations will be invaluable as Paytm Money continues to expand its offerings.
A Vision for Paytm Money
As Paytm Money expands its platform, Narasinganallore’s insights will be crucial in enhancing the investor experience. Whether through innovative products, simplified processes, or investor education, his guidance will shape the company’s trajectory.
The fintech industry faces constant disruptions driven by technology. Narasinganallore’s familiarity with digital trends and risk management will help Paytm Money stay agile and responsive.
Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Google News– Click Here, YouTube – Click Here, and LinkedIn– Click Here.
