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[font=Arial, Helvetica, sans-serif]Shashi Arora named new CEO and MD of Airtel Payments Bank[/font]
He will replace Manish Khera, CEO, who has decided to pursue his entrepreneurial journey, the company said in a statement.
Airtel Payments Bank has appointed Shashi Arora as the CEO & Managing Director of the company, subject to the approval of the Reserve Bank of India.
He will replace Manish Khera, CEO, who has decided to pursue his entrepreneurial journey, the company said in a statement.
"I am delighted to announce the appointment of Shashi Arora as the CEO & MD designate of the Bank...I am confident that under Shashi's leadership, our launch plans will gather further momentum, and we look forward to delivering an outstanding banking experience to millions of customers across the country," Sunil Bharti Mittal, Chairman, Airtel Payments Bank said in a statement.
Arora joined Bharti Airtel in February 2006 and was appointed as the CEO of Bharti Telemedia Limited, a subsidiary of Bharti Airtel that provides DTH services in August 2011.
Under his leadership, the DTH business doubled its subscriber base as well as revenues, with over two-third of the new customers coming from rural India.
Prior to this, Arora was part of Airtel's Mobile business, and has served as CEO of the Upper North cluster (Punjab, Haryana, HP & J&K) as well as CEO of the Delhi Circle.
On April 11, 2016, Airtel Payments Bank Limited received a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking network in the second quarter of the current Financial Year.
Airtel Payments Bank Limited, which began operations in 2011 as Airtel M-Commerce Services, currently provides money transfer services and semi-closed wallet services (Airtel Money).
The company has presence in 800 plus towns across India. It plans to leverage Bharti Airtel's national distribution network that runs deep into rural areas and offers a robust platform to deliver banking services to the last mile.
Currently, the Airtel distribution channel is spread across 1.5 Mn outlets with network presence in 5,126 census and 464,361 non-census towns and villages in India covering approximately 87% of the country's population.
Shashi Arora named new CEO and MD of Airtel Payments Bank | ET Telecom[/size]
He will replace Manish Khera, CEO, who has decided to pursue his entrepreneurial journey, the company said in a statement.
Airtel Payments Bank has appointed Shashi Arora as the CEO & Managing Director of the company, subject to the approval of the Reserve Bank of India.
He will replace Manish Khera, CEO, who has decided to pursue his entrepreneurial journey, the company said in a statement.
"I am delighted to announce the appointment of Shashi Arora as the CEO & MD designate of the Bank...I am confident that under Shashi's leadership, our launch plans will gather further momentum, and we look forward to delivering an outstanding banking experience to millions of customers across the country," Sunil Bharti Mittal, Chairman, Airtel Payments Bank said in a statement.
Arora joined Bharti Airtel in February 2006 and was appointed as the CEO of Bharti Telemedia Limited, a subsidiary of Bharti Airtel that provides DTH services in August 2011.
Under his leadership, the DTH business doubled its subscriber base as well as revenues, with over two-third of the new customers coming from rural India.
Prior to this, Arora was part of Airtel's Mobile business, and has served as CEO of the Upper North cluster (Punjab, Haryana, HP & J&K) as well as CEO of the Delhi Circle.
On April 11, 2016, Airtel Payments Bank Limited received a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking network in the second quarter of the current Financial Year.
Airtel Payments Bank Limited, which began operations in 2011 as Airtel M-Commerce Services, currently provides money transfer services and semi-closed wallet services (Airtel Money).
The company has presence in 800 plus towns across India. It plans to leverage Bharti Airtel's national distribution network that runs deep into rural areas and offers a robust platform to deliver banking services to the last mile.
Currently, the Airtel distribution channel is spread across 1.5 Mn outlets with network presence in 5,126 census and 464,361 non-census towns and villages in India covering approximately 87% of the country's population.
Shashi Arora named new CEO and MD of Airtel Payments Bank | ET Telecom[/size]
