{"id":17189,"date":"2024-04-03T13:43:45","date_gmt":"2024-04-03T13:43:45","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/03\/creds-head-of-risk-kunal-kashyap-quits-set-to-join-slice\/"},"modified":"2024-04-03T13:43:45","modified_gmt":"2024-04-03T13:43:45","slug":"creds-head-of-risk-kunal-kashyap-quits-set-to-join-slice","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/03\/creds-head-of-risk-kunal-kashyap-quits-set-to-join-slice\/","title":{"rendered":"Cred’s head of risk Kunal Kashyap quits, set to join Slice"},"content":{"rendered":"
\"Cred’s<\/div>


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Kunal Kashyap<\/a>, who was heading risk at fintech unicorn Cred<\/a>, has quit to join rival firm Slice<\/a>, which is set to become a bank<\/a> through the proposed merger<\/a> with North East Small Finance Bank, said two people in the know.<\/p>\n

\u201cKashyap will be leading part of the credit business within the newly-formed bank which will be officially launched after regulatory authorities clear the merger,\u201d one of the persons said.<\/p>\n

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On March 12, Slice received the Competition Commission of India\u2019s approval <\/a>to merge with North East Small Finance Bank. While the central bank had given its go-ahead in 2023, the case is still pending clearance from the National Company Law Tribunal (NCLT).<\/p>\n

Kashyap\u2019s exit comes at a time when Cred\u2019s credit business is emerging as a crucial source of revenue for the fintech firm as it looks for ways to monetise its user base.<\/p>\n

Both Cred and Slice declined to comment on the development.<\/p>\n

IIT Kharagpur alumnus Kashyap had spent over eight years at American lending firm Capital One. Between 2017 and 2020, he founded two startups: credit analytics firm TwoDotSeven and recurring payment solution startup Stepchange Technologies. He joined Cred as the head of risk in 2020.<\/p>\n

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Cred has been building out its own lending business through in-house non-banking finance company Newtap Finance. In October 2023, ET reported that banking veteran Sujay Das had joined Cred<\/a> to lead risk for its in-house lending business.Slice, on the other hand, is preparing to start banking operations officially. It has already appointed retired banker Satish Kumar Kalra as its chief executive officer for the banking entity to be formed after the merger.<\/p>\n

\u201cFor Slice to build a strong credit team is imperative since it has to stabilise the business of the troubled small finance bank it is merging with, and someone like Kashyap might help in setting up the technology-based underwriting standards at the bank,\u201d said the other person ET spoke to.<\/p>\n

In FY23, Slice reported an operating revenue of Rs 846 crore <\/a>and a net loss of Rs 405 crore.<\/p>\n<\/div>\n

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Kunal Kashyap, who was heading risk at fintech unicorn Cred, has quit to join rival firm Slice, which is set to become a bank through the proposed merger with North East Small Finance Bank, said two people in the know. \u201cKashyap will be leading part of the credit business within the newly-formed bank which will […]<\/p>\n","protected":false},"author":2,"featured_media":17190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[673,22672,22675,1895,22676,5783,22673,4168,13799,1115,320,22674],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/17189"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=17189"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/17189\/revisions"}],"predecessor-version":[{"id":17191,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/17189\/revisions\/17191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/17190"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=17189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=17189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=17189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}