Navi Finserv Limited, the fintech venture led by Flipkart founder Sachin Bansal, announced the appointment of Anil Kumar Misra, a former Executive Director of the Reserve Bank of India (RBI), as the non-executive Chairman of its Board of Directors, effective August 23.
Sachin Bansal will continue as its CEO, the non-banking financial services company said in a press release.
"This change aligns with Navi Finserv's long-term vision of building a strong, sustainable business, supported by three key pillars: robust risk management, high corporate governance standards, and a commitment to ethical practices. The Company remains committed to delivering sustained value to shareholders, investors, and the broader business community through innovative technology and data-driven strategies that enhance credit accessibility and bridge financial gaps," the company said in the press release.
Misra has also held prominent roles in various financial institutions, including serving on the boards of Punjab National Bank, Jammu & Kashmir Bank, and Union Bank of India, according to the press release.
"Misra brings extensive experience and a proven track record in the financial industry. His distinguished career at the RBI, where he served as Executive Director overseeing the supervision of banking and non-banking financial institutions, has equipped him with deep expertise and a strategic vision that will be instrumental in guiding Navi Finserv's future growth," it added.
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