Fintech

Navi hires Bajaj Finance veteran, rejigs top deck to scale up lending

Pratik Bhakta

June 15, 2021 | 4 Min Read

The Sachin Bansal-promoted startup is strengthening its lending, risk and collections operations with a key hire and management changes as it doubles down on its home and personal loans portfolios

Navi Technologies, among the country’s leading fintech lenders, has chalked up a significant win as it strengthens its risk and collection teams, both crucial to its lending business.

Bhaskar Kumar, who was leading risk and underwriting as an executive vice president at Bajaj Finance, has joined the Sachin Bansal-promoted startup as its head of risk, according to two sources aware of the development.

Navi has made other top-level changes as well as it expands its personal loan and housing loan portfolios. Riya Bhattacharya, who was head of strategy at Navi, is now CEO of its lending business. She replaces Samit Shetty, who is now in charge of strategy and corporate development, the sources said.

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