tata capital: Moneyboxx Finance appoints Tata Capital’s Vikas Bansal as chief risk officer

Moneyboxx Finance (Moneyboxx), a BSE-listed NBFC which provides small-ticket business loans to micro and small enterprises in tier-III towns and below places, has announced the appointment of Vikas Bansal as chief risk officer, said a statement today.

Bansal served as national credit manager – emerging business and digital lending in his previous role at Tata Capital.

He brings with him over 20 years of rich experience in the financial services industry, including over 15 years at Tata Capital where he was instrumental in building high-quality portfolios across emerging businesses, supply chain, equipment finance and mid-market. His areas of expertise include credit underwriting, risk assessment, portfolio management, strategic planning, and digital lending across the retail and MSME space.

“In addition to continuous investments in technology, we have built a strong team and are excited to onboard Vikas Bansal as chief risk officer. We have a robust and highly scalable business model which is powered by entirely digital processes and risk analytics, and have solid branch unit economics with negligible capex and reasonable operating costs,” said Mayur Modi, co-founder, Moneyboxx Finance.

“The MSME sector is a major contributor to the socio–economic development of the country and would be a key driver to achieve the $5-trillion mark for the Indian economy. This under-served sector has immense potential which can be unlocked through innovations in technology, data analytics and risk assessment. I look forward to building robust, dynamic credit underwriting and risk assessment systems to bring operational excellence backed by technology and data analytics,” said Bansal.

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