India, June 5 -- In the run up to its public listing, fintech giant PhonePe has appointed former Standard Chartered Bank CEO Zarin Daruwala as an independent director to its board.

Daruwala, who stepped down from Standard Chartered in March 2025 after a nine-year stint, brings over 30 years of experience in the banking sector.

Before joining Standard Chartered, Daruwala spent 26 years at ICICI Bank, where she rose to the role of president. She also served on the board of JSW Steel for eight years, until 2013.

Daruwala joins PhonePe's board alongside non-executive chairman Rohit Bhagat, former economic affairs secretary Tarun Bajaj, Teamlease vice chairman Manish Sabharwal, Walmart's chief people officer Donna Morris, and Walmart's regi...