| | JUNE 20238Bajaj Finserv Ltd signed a Memorandum of Understanding (MoU) with the Maharashtra government on Saturday to develop Rs.5000 crore projects in Pune, one of the country's largest financial services investments.In the presence of Devendra Fadnavis, Deputy Chief Minister of Maharashtra, and Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, the MoU was signed by Harshdeep Kamble, Industry Secretary, Government of Maharashtra, and S Sreenivasan, Chief Financial Officer, Bajaj Finserv.Devendra Fadnavis, Deputy Chief Minister of Maharashtra, said on the occasion, "We welcome Bajaj Finserv's investment in the state of Maharashtra. We are proud of the Bajaj Group's association with Maharashtra and will provide all necessary support for the project's development"."We believe that growth should not come at the expense of the environment", said Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv. Thus, in keeping with our ESG focus, the project is designed to be a sustainable development that meets the highest global certification standards through green solutions and a net-zero approach. We are grateful to the Maharashtra government for its ongoing support of our Group. Pune is and will remain an important part of Bajaj Finserv's growth journey".The Bajaj Finserv Campus will be an iconic landmark in Pune, housing world-class workspaces for Bajaj Finserv. According to the statement, the project is expected to create 40,000 jobs and further develop Pune as a financial centre. BharatPe, a fintech firm, announced the appointment of Kohinoor Biswas as the Head of Consumer Lending business, and that he will oversee all PostPe operations. "At BharatPe, he (Biswas) will be responsible for leading the entire Postpe business, the credit-first consumer vertical of BharatPe", the company stated in a prepared statement.Biswas will report to Nalin Negi, the CFO and interim CEO, and will be in charge of developing the consumer lending vertical. Biswas previously worked at ICICI Bank as the Head of Credit Cards Portfolio, where he oversaw the overall credit card strategy that drove card spends and loyalty.IIM Calcutta alumnus was also the vertical head for Credit Card Portfolio at HDFC Bank. He has also worked for companies such as Intellect Design Arena Ltd, JP Morgan Chase, and American Express. "Postpe, despite being a late entrant in the consumer category, was a huge success from the start". I am thrilled to be joining the BharatPe team as Head of Consumer Lending. "I am excited to strengthen our existing relationships with Postpe customers by introducing new credit products as well as new payment and commerce use cases", Biswas said.With the launch of 'Postpe' in 2021, BharatPe announced its entry into the 'Buy Now Pay Later' (BNPL) category. This is BharatPe's third leadership appointment in 2023. Aparna Kuppuswamy has been named Chief Risk Officer for the BharatPe Group, and Sandeep Indurkar has been named Chief Business Officer - Banking and Alliances. BAJAJ FINSERV SIGNS MOU WITH MAHARASHTRA GOVT. TO INVEST IN PUNEKOHINOOR BISWAS NAMED AS BHARATPE'S HEAD OF CONSUMER LENDING BUSINESSIN FOCUSIN FOCUS
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