Mr. A. K. Purwar, former Chairman of the State Bank of India has been appointed as the Chairman of India Infoline Investment Services Ltd, the NBFC arm and a material subsidiary of India Infoline Limited. Speaking at the occasion, Mr Nirmal Jain, Chairman, India Infoline Ltd said, ‘Mr Purwar has successfully led the State Bank of India, country’s largest financial institution. We look forward to benefitting from his rich and in-depth experience of Indian economy and finance in scaling up the lending business of the Group.’

Mr. A. K. Purwar is an eminent personality in the banking and finance industry and has held several senior positions in retail, corporate and international banking in his career of over 30 years, culminating as the Chairman of State Bank of India.  He also played a key role in co-coordinating the work for the Bank's entry into the field of insurance. Mr. Purwar, with his innovative thinking and passion transformed SBI into a world class Bank and has received numerous awards like ‘CEO of the year’ Award from the Institute for Technology & Management (2004), ‘Outstanding Achiever of the year’ Award from Indian Banks’ Association (2004) and “Finance Man of the Year” Award by the Bombay Management Association (2006). He is also an independent director on the board of India Infoline Ltd.