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Spice Money appoints Abhay Aima as Advisory Board Member

Madhushree Chakrabarty April 21, 2021

Abhay Aima has been appointed as the new Advisory Board Member of India’s leading rural fintech, Spice Money. With 35 years of experience, Abhay is known as one of the wizards in the financial space, out of which 24 years are in core banking. Before the appointment, he has worked as Country Head for HDFC Bank, where he used to oversee critical businesses. He also took up additional responsibility as director in HDFC securities, where he contributed to the business development.

At Spice Money, Abhay would play a critical role in guiding the organization towards its future course of success. Dilip Modi, Founder of Spice Money, said, “I am delighted to have Abhay Aima join us as an Advisory Member on the Board. Abhay’s strengths across understanding of customers, structured approach to supporting business lines along with strategy development and execution, will aid Spice Money to expand the business horizons in multiple directions. With his extensive experience in banking and financial markets, we are confident that his counsel will enable Spice Money to be at the forefront of the rural fintech revolution bringing digital financial accessibility to India’s unbanked and underserved population.”

Abhay Aima commented, “I am glad to be part of a company like Spice Money which is changing the rural economy landscape in India. I would be bringing in some new insights and critical thinking to the table and engage in a stimulating, high-quality developments towards bettering the banking and financial services to the rural India.”

A pass out of the National Defence Academy & elementary flying school – Bidar, Abhay Aima began his professional career outside the Air Force in sales before settling into a banking career at Citibank. He then moved on to HDFC Bank and became a member of the core promoter group, and played a key role in building HDFC Bank into one of the most valuable banks in the world. He pioneered the creation of a strong distribution-focused retail bank by initiating sales of mutual funds, insurance and non-life insurance across retail segments of the bank. Abhay had also turned around the Global Consumer business at HDFC Bank and has run large teams out of India, the Middle East, Kenya and Hong Kong. Under Abhay’s leadership, the bank won many awards. He has also been recognized as one of India’s Best Market Minds by Outlook Profit.


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