Jana Small Finance Bank has announced the appointment of Sumit Aggarwal as the Head of MSME & Supply Chain.
A veteran of the banking sector with 31 years of experience, Aggarwal has managed businesses in Asia, Middle East, Africa, and Europe focusing on trade, supply chain finance, and cash management.
Before joining Jana Bank, he has worked with Emirates National Bank of Dubai as Group Head of Transactional Banking Services. Before his stint in Emirates National Bank, he was associated with Standard Chartered Bank and ABN AMRO.
Speaking on the joining, Sumit Aggarwal, said, “MSMEs will play a key role in India reaching the $ 5 trillion economy goal. They contribute 30% of our GDP and this contribution must increase to 50-60% for India to become a $ 5 trillion economy. I am excited about this opportunity because I believe that Jana Small Finance Bank is well placed to support the growth of MSMEs by offering supply chain finance, with our wide presence in 19 states through 611 branches(as of February 28, 2021).”