Citigroup’s Shinjini Kumar to step down, Plans A Startup
Citigroup’s head of consumer banking in India, Shinjini Kumar will be stepping down from her role at the bank after three years. Sources say she’s got the startup bug and plans to launch it soon with other female co-founders, of which one is Chaitra Chidanand who had set up GetSimpl Bangalore. Kumar wanted to do something of her own according to sources and has “plans for the next decade.”
She has been instrumental in handling Citi’s consumer businesses across India, including retail banking, wealth management, credit cards and mortgages. She will leave the organisation at the end of September.
Kumar joined Citigroup in India in June 2017 from where she led the Paytm Payments Bank. She also spent 17 years working at the Reserve Bank of India handling foreign direct investments, as well as the supervision of banks and shadow lenders. Kumar also worked at Pricewaterhouse Coopers.
Kumar in her stint at Citibank has led many initiatives to push for financial independence for women. Speaking at the women writers fest organised by SheThePeople in Mumbai, she said, “we need to normalise conversations about money among women.”
Kumar is a literature enthusiast and especially enjoys reading Indian translations.
Kumar studied public policy at the University of Texas at Austin and is based out of Mumbai.