Former RBI Deputy Governor Anand Sinha joins PE fund KKR

Global private equity fund KKR on Thursday said former Reserve Bank Deputy Governor Anand Sinha has joined the firm as an industry advisor.

Sinha will support the fund's investments and help it build business across asset classes, KKR CEO (India) Sanjay Nayar said.

In his role as Deputy Governor, Sinha oversaw the last round of allotment of new bank licences by RBI, in which IDFC and Bandhan were selected.

This is the second post-retirement assignment for Sinha, who had earlier been hired in an advisory role at law firm Amarchand & Mangaldas.

Sinha retired from RBI in January last year, after 37 years of service. He was in-charge for commercial banks and non-bank lenders.

KKR also has a NBFC business in the country. "His valuable experience will further enhance KKR's ability to provide long-term debt and equity capital to Indian companies, helping them to scale their businesses while being mindful of risk management and regulatory requirements," Nayar said.

The industry advisors is a team of senior executives that brings "specific industry focus to support the building of KKR's business and investment practice," the firm said in a statement.