India’s Airtel Payments Bank has appointed Amar Kumar Kakarlapudi as its new chief compliance officer.
In this role, the bank said Kumar will play a “crucial part” in strengthening its compliance framework and ensuring “seamless” alignment with regulatory and statutory requirements.
The bank added that he will also serve as a key partner in meeting core and non-core compliance requirements, be a significant interface between the bank and regulatory authorities, while establishing a strong compliance and regulatory framework. He will work directly with Anubrata Biswas, managing director and CEO of Airtel Payments Bank.
Kumar brings more than 24 years of banking experience to his new role. He has previously held prominent positions at institutions including Canara Bank, Axis Bank, Utkarsh Small Finance Bank, JP Morgan Chase & State Bank of India. In his last role, Amar served as vice president – compliance at Utkarsh Small Finance Bank, where he led various strategic compliance initiatives.
Commenting on his new role, Kumar said: “Compliance is fundamental to building trust, and I look forward to working with the team to enhance our compliance framework. My goal is to contribute to the bank’s mission of advancing digital financial inclusion across India while upholding the highest standards of regulatory integrity.”
Anubrata Biswas, MD and CEO of Airtel Payments Bank, added: “His extensive experience in regulatory compliance and leadership will be instrumental in shaping our approach to navigating the evolving regulatory landscape. Amar’s proven track record will help us continue to foster trust with our customers and partners, upholding the highest standards of regulatory excellence.”
