Question : Which Bank has announced Rahul Parikh as its digital head to spearhead digital banking business ?
(a) Bandhan Bank
(B) Axis Bank
(c) HDFC Bank
(d) ICICI Bank
Answer (a)
Related facts
- Private sector Bandhan Bank has recently(September 2020) announced the appointment of Rahul Parikh as digital head as the bank broadens its digital presence to improve customer services.
- Especially in banking, customers are adopting digital services at a very high rate, which has accelerated in the last few months.
- As the chief marketing & digital officer, Parikh will be responsible for the digital banking business and for building a strong digital backbone to support the bank’s growth.
- The bank’s digital banking head Rustam Nongmaithem will report him.
- Parikh joined Bandhan from Roots Ventures, where he was a partner and responsible for fundraising, supporting deal-making and investee company operations. He was earlier chief executive officer with Bajaj Capital.
- Over the next five years, India is set to experience the biggest boom in digital-banking adoption, with a 21% increase in the number of adults with online-only bank accounts.
- This means that by 2025, we estimate that just under 400 million Indian adults will hold neobank accounts.
By — Pankaj Pandey.