BankBazaar names Visa's Navin Chandani chief business development officer

18 Jul, 2016

Chennai-based A&A Dukaan Financial Services Pvt Ltd, which operates financial services portal BankBazaar.com, has appointed former Visa executive Navin Chandani as chief business development officer.

Chandani will be responsible for business development and bringing on board partners at BankBazaar, the company said in a statement.

Prior to BankBazaar, Chandani was senior director at Visa, where he managed the large and mid-corporate, small business, traveller, affluent and millennial segments for the financial services firm's India and South Asia operations. He also oversaw loyalty and developed offers across credit, debit, commercial and prepaid cards.

Chandani is an alumnus of Loyola College and Symbiosis International University, and has about 20 years' experience in leading high-performing sales, relationship and product management teams in payments, financial services and digital marketing.

BankBazaar has strengthened its top management over the past few months. It appointed former Standard Chartered executive Aman Narain as CEO for international markets in February and hired former Microsoft executive Murari Sridharan as chief technology officer in March. In May, former SBI and GE Capital executive Viswanahan NC joined as vice president of business operations.

"You need a team that believes in your vision, in your technology, and your business plan," said Adhil Shetty, co-founder and CEO of BankBazaar. "I believe industry stalwarts understand and can relate to the direction the industry and our organization is taking, and that is the reason we have been successful in attracting and retaining such talent."

Established in 2008 by brothers Adhil and Arjun Shetty and Rati Rajkumar, BankBazaar.com provides instant customised rate quotes on loans, credit cards and insurance products. It raised Rs 375 crore ($59.1 million) in Series C funding in July 2015 from e-commerce giant Amazon, Fidelity Growth Partners, Mousse Partners, Sequoia Capital and Walden International.

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