Thursday, 26 April 2023, Bengaluru, India
The news of Priyadarshi joining StashFin came on early Wednesday after the neo-banking startup StashFin released a statement regarding the company’s Chief Risk Officer. StashFin has appointed Dutta to manage and mitigate risk while ensuring governance for the company, which is aimed at driving StashFin’s overall growth.
The company announced the arrival of Priyadarshi Dutta as the Chief Risk Officer (CRO) on Wednesday. This adds a new adventure for Dutta after his previous stints at RBL Bank and American Express. Dutta was the senior vice president and head of credit card risk at RBL Bank, and he was the vice president and chief risk officer at American Express.
Priyadarshi Dutta’s role at RBL Bank was to oversee credit card risk management. Prior to his tenure at RBL, Dutta worked at the American Express Bank, and his role there was to manage credit and operational risk oversight for India and other businesses.
With 18 years of experience in the field, Dutta is one of the most qualified and talented prospects for the job at StashFin. Dutta can showcase his talents at StashFin and can also help the company in portfolio management, mitigating operational risk, and setting up second-line defense functions, of which he has acute understanding and major experience.
Apart from his top-of-the-chart roles, Dutta has experience in managerial roles at EXL Service, Essex Lake Group, and HSBC. If we go back further, we can see Dutta studying Economics at the Delhi School of Economics. He passed out with a Master’s degree in Economics from the Delhi School of Economics.
“Given my experience of working with global brands for close to two decades, and now an opportunity to be associated with an attractive and growing brand like Stashfin offers me a truly unique perspective to leverage my skills in an entrepreneurial environment,” said Dutta in a statement regarding his new job.
A few months back, StashFin raised $100 million in a debt funding round from InnoVen Capital, Trifecta Capital, and a host of other domestic lenders. The addition of Dutta to its team will only make the company stronger, as Dutta’s financial and risk management is unmatchable.
Tushar Aggarwal, founder, and chief executive at Stashfin, said that Dutta’s experience and expertise in the area of financial and risk management will be crucial in the company’s growth and expansion. This will only lead them closer to their mission of providing access to credit for underserved segments of society.
StashFin was founded in 2016 by Tushar, Parikshit Chitalkar, and Shruti Aggarwal with the sole purpose of providing customers access to credits and helping them improve their financial health by offering flexibility and affordable interest rates.
The company has a presence in seven other cities in India other than New Delhi. Last year, StashFin announced the appointment of the former MD and CEO of SBI Cards, Vijay Jasuja, as a non-executive independent director. StashFin has also upgraded its ratings to BBB (Stable)/A3+ for its group company Akara Capital Advisors Private Limited (ACAPL) by ICRA.
Source – Vccircle
