Wednesday, December 8, 2021

Spice Money appoints former HDFC Bank country head Abhay Aima as new Advisory Board Member

Fintech firm Spice Money said that it has appointed former HDFC Bank country head Abhay Aima as a new Advisory Board Member. In this role, Abhay would play a critical role in guiding the organisation towards its future course of success, said the company.

“I am delighted to have Abhay Aima join us as an Advisory Member on the Board. Abhay’s strengths across the understanding of customers, structured approach to supporting business lines along with strategy development and execution, will aid Spice Money to expand the business horizons in multiple directions. With his extensive experience in banking and financial markets, we are confident that his counsel will enable Spice Money to be at the forefront of the rural fintech revolution bringing digital financial accessibility to India’s unbanked and underserved population,” said Dilip Modi, Founder of Spice Money.

Abhay was associated with HDFC Bank as Country Head overseeing the critical businesses of Private Banking, Retail Liabilities, Premium Banking Services, Digital Banking, ATMs & International Business. Hel also helmed an additional responsibility in HDFC Securities as a Director, guiding the development of business at this entity.

Abhay Aima commented, “I am glad to be part of a company like Spice Money which is changing the rural economy landscape in India. I would be bringing in some new insights and critical thinking to the table and engage in stimulating, high-quality developments towards bettering the banking and financial services to rural India.”

A pass out of the National Defence Academy & elementary flying school – Bidar, Abhay Aima began his professional career outside the Air Force in sales before settling into a banking career at Citibank. He then moved on to HDFC Bank and became a member of the core promoter group, and played a key role in building HDFC Bank into one of the most valuable banks in the world.

He pioneered the creation of a strong distribution- focused retail bank by initiating sales of mutual funds, insurance and non-life insurance across retail segments of the bank. Abhay had also turned around the Global Consumer business at HDFC Bank and has run large teams out of India, the Middle East, Kenya and Hong Kong, said the company.


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