Ramesh Srinivasan, who has 22 years of experience in Banking and Financial Services Industry (BFSI), has been appointed as the CFO of BankBazaar, India’s leading paperless financial marketplace. Prior to this, Srinivasan was working as Chief Financial Officer at Hitachi Payment Solutions. He was in charge of business planning and strategy.
Srinivasan is a Chartered Accountant and Cost Accountant by education and has been part of organizations like AT&T, NCR, and Optimus.
For his current assignment, he would be based in Chennai and would be responsible for leading the team towards an IPO.
Speaking on the appointment, Adhil Shetty, CEO, BankBazaar, said: “This is a very exciting time for BankBazaar. Our technology and paperless platform have made BankBazaar the flag-bearer in helping customers access the right financial products online in the safest and simplest manner. Now we are looking to consolidate our successes and plan ahead with an eye on releasing our IPO in 2020-22. We are confident that Ramesh's expertise in developing financial processes will take us further on our path.”
Interestingly, when there many business houses which are downsizing and cutting cost, BankBazaar is upping its hiring activity. Previously, it had announced that it would hire 400 employees. And as of August this year, it has hired 130 new employees.
BankBazaar is an online financial website which gives its users instant customized rate quotes on loans, credit cards, and other personal financial services.