Comments
AU Small Finance Bank has appointed Dayakaran Sridhar as Chief of Digital Banking and Digital Strategy.
With 21 years of experience in the BFSI sector, Sridhar has led digital business in institutions such as Axis Bank, ICICI Prudential Life Insurance, Kotak Securities and Citi Bank.
Prior to joining AU Bank, he was Senior Vice-President at Axis Bank and headed Digital Acquisition and Customer Engagement across 25 products on multiple digital channels, including mobile, ATM, internet banking and social media. Sridhar is a Chartered Accountant (ICAI) and MBA from the K.J Somaiya Institute of Management Studies and Research.
The appointment marks AU’s ambition of becoming a holistic digital bank in line with the Centre’s agenda to accelerate financial inclusion through the use of technology, it said in a statement, adding that the bank promotes a cashless economy in line with the government’s mission.
The bank plans to deepen its penetration in tier-2 and tier-3 towns by launching new services such as UPI and USSD, allowing large populations to transact freely.
The small finance bank also plans to introduce many new products and services such as digital lending, digital payments, digital liabilities and wealth management.
Sanjay Agarwal, MD & CEO, AU Small Finance Bank, said, “AU Bank is committed to further its financial inclusion initiatives through digital banking. Sridhar is a senior and experienced leader and highly respected in the industry for his leadership and strategic acumen. We look forward to his leadership as Chief of Digital Banking, towards scaling the bank in its future phase of growth, while enhancing customer convenience at the same time.”
Dayakaran Sridhar said, “I think SFBs are much better equipped to adopt and leverage digital innovations and offer customers the most hassle-free banking experience, thereby, furthering financial inclusion. I am very excited to join the AU family, as it is one of the fastest growing small finance banks, with a strong base in technology.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.