HomeMedia CenterLenDenClub appoints Atal Agarwal as Head Strategy and New initiatives

LenDenClub appoints Atal Agarwal as Head Strategy and New initiatives

Atal Agarwal holds a B-tech degree from IIT Varanasi (Gold Medalist) and MBA from IIM Calcutta. He has over 30 years of experience in Investment Banking, Corporate Banking, and Credit Ratings.

LenDenClub, India’s largest Peer-to-Peer Lending platform aiming to drive financial inclusion for all, has appointed Atal Agarwal as the Head Strategy & New Initiatives. The appointment is well calibrated to enable the organisation to cease every new opportunity that is present in its next growth phase. In this newly created position at LenDenClub, Atal will be part of the leadership team, and the board to help the organisation flourish and cultivate.

LenDenClub intends to broaden its brand portfolio and range of services, and Atal will spearhead this strategic drive.

Atal brings over three decades of experience in Investment Banking, Corporate Banking, and Credit Ratings to the board. For over 13 years as an Investment Banker, he held leadership positions with prominent brands such as DSP Merrill Lynch, Barclays Capital, and Jardine Fleming, among others. Atal has managed various disinvestment, capital raising, and advising activities, both debt and equity, in domestic and overseas markets for a diverse range of clients. He also held a senior management position at Crisil, taking a lead on sales and business development initiatives at a pan India level.

Speaking on the leadership appointment, Bhavin Patel, co-founder & CEO, LenDenClub, said, “LenDenClub aims to fill the gap and bring demographics together not covered by traditional credit-providing institutions. It will help create an ecosystem for people to meet their financial goals. The company is now in a position to make a better life for everyone by expanding its financial products to cover its customers’ entire gamut of needs. Atal is a dynamic professional capable of taking on a leadership role by using his extensive client connections and market expertise. With Atal’s addition, we will propel LenDenClub into the financial platform of choice.”

Credit: 

https://bwdisrupt.businessworld.in/article/Veteran-Banker-Atal-Agarwal-Joins-LenDenClub-/24-03-2022-423601/

LenDenClub is India’s largest Peer to Peer lending platform which started operations in India in 2015. We have been helping lenders diversify their portfolio beyond traditional investment instruments ever since.

About

Lending

*Calculated as per the last 6 months’ average returns by lenders who lent for 12 months tenure

LenDenClub, owned and operated by Innofin Solutions Pvt Ltd (ISPL) is registered as a peer-to-peer lending non-banking financial company (“NBFC-P2P”) with the Reserve Bank of India (“RBI”). The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or lending simple interest. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any lending decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ lending amounts.

*This is an annualized yield and is subject to the maximum FMPP tenure, which is 5 years. P2P lending is subject to high risk and may cause an entire loss of principal.
 

*P2P lending is subject to risks. And lending decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

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