CredAble, a Mumbai based FinTech announced the appointment of Ranjit Singh as Executive Vice President and Head of Credit. Singh has extensive and diverse experience spanning over two decades across corporate banking, Credit Ratings, Insurance and IT, thus his specialization will help CredAble to cater to a wider ecosystem. At CredAble, he will be heading the Credit and Risk Management function.
Ram Kewalramani, Co-Founder and Managing Director, CredAble said, “Given the ever-evolving MSME requirements, Ranjit’s role is to ensure that the credit and risk framework will enable CredAble to create real-time financial inclusion. He will be leading this initiative by designing innovative and flexible credit models that are transactional in nature as opposed to the traditional balance sheet approach, thereby, creating true impact for the underserved MSME sector.”
Ranjit has been a Corporate Banker for 13 years with Rabobank and Standard Chartered Bank. Speaking on his appointment, Ranjit Singh, EVP and Head of Credit, CredAble stated, “During the pandemic, I have seen a sharp escalation in the financing needs for both big and small enterprises to survive. And, businesses grow by leveraging current assets to raise working capital debt, but this oxygen is denied to SMEs, as traditional financing prefers the comfort zone of large balance sheets or fixed asset covers. A credit paradigm that breaks this template by tracking cash flows has long been talked about but is taking shape only now. Today, the imaginative use of technology and data can realize this promise by delivering credit to SMEs. With its innovative solutions, CredAble is ensuring liquidity in the supply chain ecosystem across industries and I will be glad to leverage my experience to enhance the reach further.”
As a banker, Ranjit led several roles pertaining to Coverage Banking and Credit Analysis. Earlier, he has worked with Crisil, ICICI Lombard, QAI India and TCS.
He is an alumnus of FMS, Delhi & Delhi College of Engineering. Besides his passion for credit risk management and financial restructuring.