Indian fintech start-up, Khatabook, continues to strengthen its MSME lending organization with the appointment of Sachin Bawari as Chief Risk Officer. Earlier this year, Khatabook announced its intention to become a digital bank for MSMEs before the end of 2022. Lending to MSMEs is an important pillar of this strategic evolution. Khatabook’s lending organization currently has 45 employees.
Sachin will lead a team responsible for risk management and underwriting, while growing the lending business at Khatabook. As function head, Sachin will play a critical role in defining the strategy and risk framework, set of loanable clients, underwriting policies, operating processes and optimal risk expectations. and yield.
Sachin is a seasoned underwriting and risk professional with a proven track record in managing portfolio risk across both client segments (MSMEs, corporates and retail) and products (secured and unsecured). Prior to joining Khatabook, Sachin was associated with a Fintech NBFC, NeoGrowth Credit Pvt. Ltd., where he was Exec. Vice President – Credit Policy, Portfolio Risk and Internal Controls. Sachin’s extensive experience in the BFSI segment also includes working with Edelweiss Retail Finance, HDFC Bank and ICICI Bank. An alumnus of the Indian Institute of Management (IIM) in Calcutta, Sachin holds a degree in its executive program in applied finance.
Ravish Naresh, CEO and Co-Founder of Khatabook, said, “Building a strong team and leadership is our top strategic priority as we move towards establishing Khatabook Digital Bank for MSMEs. Risk is a dynamic aspect of our lending business, and therefore I’m delighted to have Sachin on board to lead it. With his experience, Sachin brings qualities such as an accurate risk assessment, a deep understanding of different segment behaviors and a proven track record of effective operations, policies and growth.
Sachin Bawari, Head, Risk, Khatabook said: “I am delighted to be part of Khatabook. I look forward to helping build a lending business scaled by Khatabook’s user base spread across all districts of India. I believe we are ready to enable small business transformation in our country. Using Khatabook’s digital capabilities, we will make it easier for millions of people to access finance. »