IIFL Finance Names Ex-RBI Deputy Governor B.P. Kanungo As Independent Director

IIFL Finance Ltd. on Monday said it has appointed B.P. Kanungo, former deputy governor of the Reserve Bank of India, as an independent director on its board.

Kanungo served as RBI’s deputy governor from 2017 to 2021 and was a member of the central bank’s Monetary Policy Committee during his tenure. He also held key roles within the RBI, including regional director across several states such as Rajasthan, West Bengal, Sikkim, Madhya Pradesh and Chhattisgarh, and served as a banking ombudsman.

The non-bank finance company announced the appointment via a press release.