Akhil Handa Resigns As Bank Of Baroda's Digital Lending Head

Akhil Handa, who previously led Bank of Baroda's digital lending division, has resigned from his position, as disclosed by the public sector bank in a late-night exchange filing. The bank has announced that Kadgatoor Sheetal Venkatesmurt will assume the role in addition to her existing responsibilities as the head of digital channels and operations.

In a LinkedIn post, Handa expressed his gratitude to his colleagues for their support and camaraderie during his tenure at Bank of Baroda, marking the end of his journey at the bank. He explained that while the decision to move on had been made some time ago, he had to wait until the completion of the transition period to make this announcement, and he valued the support, encouragement, and collaboration he received during this time.

Notably, Handa played a significant role in the development of the mobile banking application 'BOB World.' On 10 October, the Reserve Bank of India (RBI) directed Bank of Baroda to halt the onboarding of new customers onto BOB World, the bank's digital banking application, due to certain supervisory concerns.

Handa joined the bank in 2015 and as the Chief Digital Officer, he was responsible for the bank's strategic digital direction as a member of the Corporate Leadership Team. He oversaw digital transformation across the bank's lines of business and had ownership of the profit and loss (P&L) responsibilities.