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CASHe
business

CASHe appoints veteran banker Joginder Rana to top role and makes strategic C-suite appointments

Dec 18, 2021 by Gouri 0 Comments #CASHe, #Dhruv Jain, #Joginder Rana, #Raman Kumar, #RBL Bank, #Yashoraj Tyagi

CASHe, India’s preferred AI-driven financial wellness platform with a mission to make financial inclusion possible to all, is prepping up for its next phase of growth with a series of key leadership appointments. To this effect, the company has appointed Joginder Rana as the Vice-Chairman & Managing Director, Dhruv Jain as Chief Executive Officer, while the incumbent Chief Technology Officer, Yashoraj Tyagi, has been appointed as the company’s first Chief Business Officer. Joginder Rana in his latest stint was the MD of Bank of Baroda Global Shared Services, a wholly-owned subsidiary of Bank of Baroda.

Operationally, CASHe has witnessed stellar growth in FY 21-22, with its record disbursals, customer acquisitions, top-line growth, profitability and differentiated product offerings. The company has charted out a multi-pronged strategy to accelerate its growth to become the platform of choice for the country’s credit underserved millennials and Gen Z population while helping them fulfil their varied everyday financial needs. The key leadership appointments will play a crucial role in driving the company’s expansion plans. The new team will work closely with Joginder Rana to help CASHe realise its 3.0 vision of becoming the go-to financial platform for the millennial and Gen Z cohort.

Joginder Rana, a veteran banker, joins as the Vice-Chairman and Managing Director of CASHe. Rana brings in over three decades of global and domestic experience in the banking & ITES industry essentially covering wholesale, retail, rural & FI banking. He has also held senior management positions in leading banks such as RBL Bank, and Citigroup in which he brought transformational changes to reshape their business strategy, technology architecture, processes and risk management. At Bank of Baroda Global Shared Services, Rana successfully created a state-of-the-art Global Shared Services Centre that helped in integrating and consolidating all the acquired banks to deliver an enhanced customer experience through digitized processes.

At RBL Bank as its COO, he was responsible for transforming the bank’s key functions covering operations, technology, risk & governance and delivering the highest standard of service to all customer segments. During his tenure, RBL was recognized as India’s fastest & best-growing bank in the mid-sized segment. Rana holds a distinguished academic background as an all-India rank holder in CA, ICWA and CS. He is also a Certified Fraud Examiner (CFE) from the USA.

Speaking on his appointment, Joginder Rana, said, “I am excited about joining CASHe, an incredibly well-positioned company that can transform financial inclusion in an under-penetrated and under-serviced sector, using its unique and industry-first credit rating and credit decision support algorithms and technology platform. The rapid adoption of digital financial products and evolving consumer preferences are strong drivers of growth in this sector and CASHe is well-positioned to assume market leadership as a FinTech platform of choice. I look forward to contributing significantly to the company’s exponential growth journey.”

Dhruv Jain who joins as CASHe’s CEO brings over three decades of extensive experience in all facets of corporate finance, having worked with large domestic and multinational conglomerates. Most recently, he was MD – CFO with Altico Capital India Ltd., an NBFC, where he spearheaded the company’s critical finance functions, including raising debt capital for business growth. As an NBFC specialist, his core competencies include fundraising, syndication, corporate governance, risk management among others. Prior to Altico Capital, he held key leadership roles with India Infoline Group, CitiFinancial (part of Citigroup), Bharti Airtel, Kotak Securities and ITC’s financial services group. Jain is a Fellow Chartered Accountant & Licentiate Company Secretary.

Speaking on his appointment, Jain said, “I am excited to join CASHe, as its vision and growth plans align with my passion for financial inclusion of all in a credit under-served environment. CASHe has a strong business model and I look forward to this leadership role to accelerate growth by expanding its balance sheet and increasing profitability. The Company is focused on growing aggressively and I am keen to lead CASHe and fuel its ambitious growth plans”

Yashoraj Tyagi, the youngest CXO level team member, and the Chief Technology Officer has been appointed as the company’s first Chief Business Officer in addition to his current role as CTO. Tyagi joined the company in 2017 as a trainee engineer, straight from BITS Pilani and soon rose to become the CTO post his Masters in Financial Engineering from the University of California at Berkeley. His experience in data sciences/AI and product management will ensure that the company is at the forefront of innovation and excellence. His expanded role will focus on bringing out innovative financial products that are inclusive and expansive besides striving for tech and business focussed alliances that are key to CASHe’s long-term growth and success.

Speaking on the leadership appointments, Raman Kumar, Founder Chairman of, CASHe said, “We have been ramping up our efforts to piece together a best-in-class team to demystify credit and credit rating systems thereby making financial inclusion possible to all. The company is now in a position to make a better life for everyone by expanding its financial products to cover the entire gamut of needs of its customers. Joginder, Dhruv and Yashoraj supported by a young and talented team of professionals will catapult CASHe into becoming the financial platform of choice for all,” he added.

Bhubneswar precursor event
business

RBL Bank’s UMEED 1000 Cyclothon donates ₹5.20 crores towards Inclusive Education

Dec 17, 2021 by Gouri 0 Comments #Cyclothon, #Education, #Rajeev Ahuja, #RBL Bank, #Shanta Vallury Gandhi, #UMEED 1000 Cyclothon

RBL Bank’s flagship CSR initiative ‘UMEED 1000’ Cyclothon, a social endeavour to support Inclusive Education, culminated successfully today, having raised funds worth 5.20 crores. 159 cyclists, including 59 RBL Bank employees, collectively covered a distance of 1,14,289 kms. The proceeds of the initiative will be donated to Udbhav RBL School, in Fatehnagar, Hyderabad, a school adopted by the Bank in 2019 and catering to underprivileged children and also to the new school adopted by the Bank for children with special needs under the Udbhav RBL School franchise, in Nallasopara, Maharashtra.

As part of the Bank’s effort to promote Inclusivity, there were multiple cyclothons organized across India, which saw participation from senior bureaucrats and the Indian Army in Bhubaneswar, Mumbai Dabbawalas and RBL Bank employees in Mumbai.

The closing ceremony was presided by the Chief Guest – Rotary International President, Shekhar Mehta, and Guest of Honour – Gautam Gambhir. The Bank also signed a Memorandum of Understanding(MoU) with Rotary on this occasion, to achieve education goals in India and advance the socio-economic interventions undertaken by the Bank.

UMEED 1000 Cyclothon was preceded by a charity challenge, Donate Miles to Educate, that had commenced on October 2, 2021, and continued alongside the main cyclothon. The challenge witnessed employees of RBL Bank and their families walk, run and cycle to donate miles, which were tracked through an App and monetized into funds. A collective distance of 3,66,203 kms was contributed through this challenge.

On the occasion, Rajeev Ahuja, Executive Director, RBL Bank, said, “Education has been largely impacted in the pandemic, especially for the disadvantaged communities. With school dropouts at an all-time high, and many being left out of the sphere of education for multiple reasons, it is our endeavour to provide quality education to all. We are grateful for the tenacity of all the participants of the UMEED 1000 Cyclothon for making the dream of Inclusivity in Education a reality and helping us bridge the gap for these impacted communities.”

Shanta Vallury Gandhi, Head – HR, CSR and Internal Branding at RBL Bank added, “Each year, it is the support of our cyclists, partners, NGOs and employees that helps the UMEED 1000 initiative grow stronger. In our 8th edition, we have expanded the sphere of our cause to focus on quality education for children from underprivileged communities and adults who dropped out of school. We have also set up a school focusing on Children with Disabilities (CWD) in Maharashtra, while we continue to educate the girl children of Udbhav RBL School in Fatehnagar.”