Airtel Payments Bank Appoints Former MasterCard India Executive Anuj Bansal as CFO

Airtel Payments Bank, a prominent player in India's fintech landscape, has reinforced its leadership team with the appointment of Anuj Bansal as Chief Financial Officer (CFO). Bansal brings with him over two decades of extensive experience, notably from his tenure at MasterCard India, where he served as VP of Financial Planning and Analysis.

In his new capacity, Bansal will spearhead the financial strategy of Airtel Payments Bank, overseeing crucial aspects such as corporate financial planning, budgeting, supply chain management, and treasury operations. He will work closely with Anubrata Biswas, MD, and CEO of the bank, contributing to the company's executive committee.

Biswas expressed confidence in Bansal's appointment, emphasizing the importance of his diverse expertise and deep domain knowledge in driving Airtel Payments Bank's growth trajectory. The move underscores the company's commitment to enhancing its position as a leading player in India's financial services sector.

Bansal's arrival coincides with Airtel Payments Bank's ambitious expansion plans and diversification of its product offerings. Last year, the bank collaborated with industry leaders such as IDEMIA and HMD Global to introduce innovative offline digital payment solutions, catering to a diverse user base, including feature phone users.

The appointment also comes against the backdrop of Airtel Payments Bank's robust financial performance, with a record revenue of INR 400 Cr reported in Q1 of FY24, marking a significant 41% year-on-year growth. The bank's profit surged by an impressive 143% during the same period, reflecting strong momentum in its digital offerings.

However, Bansal's entry into the organization coincides with increasing regulatory scrutiny in the fintech sector. The recent directive from the Reserve Bank of India (RBI) to Paytm Payments Bank highlights the evolving regulatory landscape, emphasizing the importance of compliance and adherence to regulatory policies.

As Airtel Payments Bank navigates through this dynamic environment, Bansal's appointment underscores the bank's commitment to fostering sustainable growth and innovation while ensuring regulatory compliance and customer trust. With his proven track record and strategic vision, Bansal is poised to play a pivotal role in shaping the future trajectory of Airtel Payments Bank.