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CASHe Appoints Veteran Banker and Former MD and CEO of Bank of Baroda P.S Jayakumar as Non-executive Director

CASHe, India’s most well-liked AI-driven monetary wellness platform, at this time introduced the appointment of Mr. P.S Jayakumar, the previous Managing Director and Chief Government Officer of Financial institution of Baroda, as a Non-executive Director with impact from July 5, 2022. The erstwhile chief of Financial institution of Baroda has been appointed to the board of Aeries Monetary Applied sciences, the holding firm of CASHe’s NBFC arm.


21002 P.S.

P.S Jayakumar, Non-executive Director at CASHe


Mr. Jayakumar, a veteran banker with an in depth expertise of near 4 many years is extensively recognised for his pioneering work within the digital transformation of the retail monetary {industry}. Following his choice by the Authorities of India in 2015, Jayakumar served on the helm of Financial institution of Baroda, as its MD & CEO for 4 years, together with a 12 months’s extension to the preliminary three-year time period. Acknowledged as the primary thoroughbred non-public banker to move a state-run financial institution, Mr. Jayakumar is credited for efficiently steering the financial institution’s transformation journey throughout all elements – enterprise, digital and expertise, compliance and controls, group and folks. Throughout his tenure at Financial institution of Baroda, he efficiently accomplished a three-way amalgamation between Financial institution of Baroda, Vijaya, and Dena Financial institution to create the third-largest lender and second largest public-sector financial institution within the nation.


Previous to Financial institution of Baroda, Mr. Jayakumar spent over 23 years with Citibank throughout India and Singapore markets, beginning in 1986. Whereas at Citibank, he held numerous senior strategic positions – Managing Director for Citi monetary Ltd., Managing Director and Head of Citibank Client Mortgage for a number of APAC nations, Nation Head – Citibank Client Enterprise, and Head of Stability Sheet Administration, Asia Pacific. He additionally served as a Board Member in lots of Citibank’s subsidiaries in India.


After his stint at Citibank, he kick-started his entrepreneurial journey in 2008 and launched two ventures – Worth Funds Housing Firm and Home First Finance, each of which immensely contributed to the efforts of constructing demand-supply equilibrium for low-cost and inexpensive housing.


Hailed as a change-maker all his life, Mr. Jayakumar continues to be concerned in a number of entrepreneurial actions within the monetary companies house. He presently serves on the Boards of over twelve firms as an Unbiased and Non- Government Director and advises and mentors many others.


A Chartered Accountant by qualification, Jayakumar additionally holds a Publish Graduate Diploma in Enterprise Administration from XLRI Jamshedpur. He additionally has the excellence of being a Chevening Gurukul Scholar by the London Faculty of Economics and Political Science. In 2018, he was awarded the ‘Banker of the Year’ by The Monetary Categorical. 


CASHe just lately introduced its foray into the wealth administration house with the acquisition of Sqrrl, a Gurgaon-based wealth-tech platform. Moreover, it additionally launched an industry-first credit score line service utilizing its AI-powered chat functionality to offer prospects seamless entry to prompt credit score line on WhatsApp. On the operational entrance, the corporate introduced that it has crossed the numerous milestone of getting disbursed 1.2 million loans value Rs. 4,000 crore and is eyeing contemporary disbursals value Rs. 3,600 crores in FY22-23, projecting a cumulative mortgage disbursement of Rs. 7,600 crores (1Billion USD) by finish of this monetary 12 months.

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