MUMBAI: The head of consumer banking (India) at
Standard Chartered Bank
,
Kusal Roy
, has tendered his resignation and is expected to join Jio Financial Services. The development comes amid
Jio Financial Services
‘ recent announcement of forthcoming consumer-focused initiatives to be launched soon.
Roy, who assumed his role at StanChart Bank in 2020 after leading Tata Capital, has been a career banker.
He was earlier with ICICI Bank and Citibank. StanChart confrmed Roy’s exit in response to an emailed query. The announcement of Roy’s departure coincides with the unveiling of a slew of initiatives by Jio Financial Services, as revealed by its MD & CEO
Hitesh Sethia
, following the company’s recent financial results published on April 19.
“Jio Finance, our NBFC, is well positioned to capture the lending market opportunity by adopting a digital-first business model to cater to consumers and businesses,” Sethia said. JFS has announced its foray into mutual funds and wealth management in partnership with Blackrock.
