Fintech

Paytm Money Appoints NV Srinivasan as Non-Executive Independent Director

• ByStartupStory     |    August 27, 2024

Paytm Money Limited (PML), a wholly owned subsidiary of One97 Communications Limited, the parent company of Paytm, announced the appointment of Narasinganallore Venkatesh Srinivasan as its non-executive independent director. The move aligns with the company’s ongoing commitment to uphold the highest standards of compliance and governance.

In a statement, the company emphasized the importance of this appointment, noting that Srinivasan’s extensive experience in finance, risk management, capital markets, and banking strategy will be invaluable to Paytm Money’s growth and strategic direction.

“With a career spanning over four decades, Srinivasan brings extensive experience in finance, risk management, capital markets, and banking strategy,” the company said in a statement.

Srinivasan previously served as the Chief Executive Officer of the Association of Mutual Funds in India (AMFI). Before his tenure at AMFI, he was the Chief Financial Officer and Executive Director on the board of Lakshmi Vilas Bank. Additionally, he held senior positions at IDBI Bank for 19 years, where he served as CFO and Executive Director.

His contributions extend beyond these roles, as he has also been involved in key advisory capacities. Srinivasan has contributed to SEBI’s Mutual Funds Advisory Committee and Corporate Bonds and Securitisation Advisory Committee. He has also advised the Maharashtra government on cash management and government borrowing.

Srinivasan’s educational background further underscores his qualifications. He is a Chartered Accountant by training, holds a diploma in management and financial services, and is a Certified Associate of the Indian Institute of Bankers.

The appointment of Srinivasan is expected to strengthen Paytm Money’s governance framework, further supporting its mission to provide innovative and secure financial services to its users.

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