The ₹47,000 Crore Test: Inside Bajaj Finserv’s Risk Elevation and the Future of SME Credit

Vineet represents an institutional lineage rarely seen in fast-moving fintech environments: a 14-year career within the Bajaj ecosystem spanning risk underwriting, product development, and digital transformation, reinforced by early credit management foundations at HDFC Bank and ICICI Bank.

Managing Non-Collateralized Risk at Unprecedented Scale

In his previous capacity as Head – Risk, Vineet oversaw an unsecured SME credit portfolio exceeding ₹47,000 crore, primarily encompassing Business Loans and Professional Loans to doctors, chartered accountants, and self-employed entrepreneurs.

Unsecured SME financing represents one of the most operationally demanding asset classes in Indian banking:

1. Absence of Collateral Backstops: Without physical real estate or asset pledges to enforce recovery, credit losses directly impact the bottom line unless underwriting precision is absolute.
2. Predictive Underwriting Over Static Scores: Rather than relying exclusively on lagging bureau scores, Vineet’s team led the integration of AI-powered risk initiatives, cross-analyzing real-time GST filings, Account Aggregator banking cash flows, and transactional behavioral data.