MAM
Airtel Payments Bank appoints Anuj Bansal as chief financial officer
Mumbai: Airtel Payments Bank, India’s only profitable multi-segment fintech operating at scale with a banking license, today announced the appointment of Anuj Bansal as its chief financial officer.
Anuj will be responsible for overall financial strategy, including corporate financial planning, budgeting, supply chain, and treasury management. He will be a part of the Bank’s Executive Committee and will be working closely with Anubrata Biswas, MD and CEO of Airtel Payments Bank.
Anuj has been recognised amongst the ‘Top 100 finance professionals’ across India by CFO India in December 2020.
Commenting on the appointment, Airtel Payments Bank MD and CEO Anubrata Biswas said, “Airtel Payments Bank is rapidly expanding across all its lines of business and equally so in its depth and breadth of talent. Adding Anuj with his vast experience across different industries combined with his deep domain knowledge will play a vital role in further powering the Bank’s unique position in India.”
Airtel Payments Bank chief financial officer Anuj Bansal said, “Airtel Payments Bank with its unique business model has been serving the financial needs of the country. It’s differentiated positioning gives it an advantage to be relevant and purposeful for Indian digital customers and that has ensured sustainable growth for it over the years. I look forward to collaborating with the team to support the Bank in achieving its strategic goals and expansion plans.”
Anuj brings over 23 years of progressive experience in financial services and other sectors such as the automobile sector. His areas of expertise include business planning, investor relations, strategy formulation, global financial operations, finance & accounting management, and treasury Management.
Before joining Airtel Payments Bank, Anuj was with MasterCard India as Vice President – Financial Planning & Analysis, where he led the Business Finance Centre to support the global FP&A operations for the organisation. Prior to this, he worked with Max New York Life Insurance (now Max Life), Aviva Life Insurance Co. India Ltd., Royal Enfield (Unit of Eicher Motors) and others.
Anuj is a Chartered Accountant and an alumnus of Shri Ram College of Commerce, Delhi University, where he acquired his degree in Bachelor of Commerce.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
