NSDL Payments Bank has named Nishant Vasani as its new Chief Business Officer, effective July 1, 2025. His appointment comes at a strategic moment as the bank intensifies its focus on digital transformation and advancing financial inclusion across India.
Bringing with him over 20 years of experience in capital markets, retail banking, and digital distribution, Nishant is expected to play a key role in driving the bank’s next phase of growth. His deep understanding of customer acquisition, channel expansion, and tech-enabled financial solutions makes him a valuable addition to the leadership team.
Prior to joining NSDL Payments Bank, Nishant was a senior leader at Axis Securities, where he headed national retail sales and channel strategy. He was instrumental in expanding one of the country’s top bank-led broking ecosystems, effectively leveraging Axis Bank’s extensive branch network. His past roles at Turtlemint, ICICI SECURITIES, and Lexi Pens have further solidified his reputation for building robust distribution models across both physical and digital channels.
“Recognised for his deep strategic insight, Nishant has consistently delivered growth by building strong go-to-market strategies and customer-focused business models.” His expertise in managing multi-channel operations and aligning them with long-term business goals will be crucial as NSDL Payments Bank scales its offerings to reach underserved and digitally connected customers alike.
Promoted by National Securities Depository Limited, NSDL Payments Bank is committed to delivering secure and accessible financial services using cutting-edge technology. Nishant’s leadership is expected to accelerate the bank’s mission to expand its footprint in both urban and rural India, promoting inclusive banking at scale.
With the financial sector witnessing rapid digitisation, his appointment signals NSDL Payments Bank’s intent to enhance its market position by combining traditional banking knowledge with digital-first innovation.
