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Jana Small Finance Bank has appointed Sumit Aggarwal as the Head of Microfinance and Supply Chain (MSE) at the bank. Aggarwal has over 15 years of experience in the banking and financial services sector, with a strong background in microfinance and supply chain finance.
In his new role, Aggarwal will be responsible for leading the MSE and Supply Chain business at Jana Small Finance Bank, which aims to provide financial services to underserved segments such as micro, small, and medium enterprises (MSMEs), or small and medium-sized enterprises. Aggarwal’s expertise will be crucial in developing and implementing strategic plans to expand the bank’s MSE and supply chain finance offerings, as well as increasing its reach and penetration into new markets.
Aggarwal’s experience and expertise will also help Jana Small Finance Bank to develop products and services tailored to the specific needs of MSMEs, such as working capital financing, inventory and accounts receivable financing, and purchase financing. He will also work closely with the bank’s risk management team to ensure that risk assessment and credit appraisals are conducted efficiently and effectively.
Prior to joining Jana Small Finance Bank, Aggarwal held various leadership positions at other banks, including ICICI Bank and Aditya Birla Bank. He has a strong understanding of the Indian banking and financial services sector, with a deep knowledge of regulatory requirements and industry trends.
The appointment of Sumit Aggarwal is a strategic move by Jana Small Finance Bank to strengthen its MSE and supply chain finance offerings and expand its presence in the market. With his expertise and leadership, the bank is poised to become a significant player in the Indian banking and financial services sector, providing innovative financial solutions to MSMEs and other underserved segments.