One 97 Communications, the parent company of fintech giant Paytm, has appointed Srinivas Yanamandra as its Group Head – Regulatory affairs and Policy.
Yanamandra brings over 20 years of experience in building compliance systems and processes at large and fast-growing businesses. His last company was New Development Bank in Shanghai, where he was the chief of the compliance division.
Before that, Yanamandra worked with ICICI Bank and IDFC First Bank in Mumbai as a compliance professional, focusing on banking regulation, including governance, risk management, prudential reporting, risk-based supervision, digital banking, and more.
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Vijay Shekhar Sharma, Founder and CEO, Paytm, said, “Indian regulatory initiatives have acted as enablers for Digital India as well as payments & financial services in the country. We are excited to welcome Dr Srinivas to the Paytm team. His years of expertise in the financial industry will further contribute to the rapidly growing Paytm ecosystem.”
Yanamandra said, “Paytm’s contribution to the Indian fintech ecosystem is exemplary, augmented by the business-friendly regulatory developments in India. I’m excited to make my contribution in fuelling the company’s journey as it continues to achieve new milestones.”
