Indifi Technologies announced the appointment of former State Bank of India (SBI) chairman Rajnish Kumar as an advisor. In this capacity, Kumar will engage with management on the company’s growth strategy and provide guidance in the financial services sector.
Kumar has a long career in banking and finance. He currently sits on the boards of HSBC Asia Pacific, L&T Infotech, Hero MotoCorp and BharatPe. his tenure with State Bank Of India Till 40 years after retiring as chairman in October 2020.
In his earlier assignments, he has also served as the Managing Director of National Banking Group and as the Managing Director of Compliance and Risk at SBI. He was previously appointed as non-executive director at HSBC’s Hong Kong-headquartered Asia unit; Baring has also served as Senior Advisor to Private Equity Asia, and as an Advisor to Kotak Investment Advisors. He recently joined the International Strategic Advisory Board of Dun & Bradstreet, a global provider of business decision data and analytics.
“The MSME sector and their credit gap has been a serious problem for India. The progress that IndiFi is making in this regard is significant and impressive. Their ecosystem-based approach to lending has leveraged the appropriate intersection of digital platforms to be used by MSMEs and advances in data and technology. I look forward to working with the Indifi team to unlock future growth opportunities and create value for all stakeholders in the company,” said Rajnish Kumar.
“We are glad that Kumar has joined our advisory board. He is widely regarded as the torch bearer of Digital India. It will be truly invaluable for IndiFi’s ambitions to spread credit inclusion among Indian MSMEs with their experience and knowledge of the banking and financial services industry. Alok Mittal, CEO and Co-Founder, Indifi Technologies, said, “We look forward to unlocking new growth opportunities with his guidance and guidance.