Navi Finserv Limited Strengthens Its Board; Appoints Anil Kumar Misra as Non-Executive Chairman
Navi Finserv Limited, one of India’s leading non-banking financial services companies, today announced the appointment of Anil Kumar Misra as the non-executive Chairman of its Board of Directors, effective August 23, 2024. Mr. Misra, a former Executive Director of the Reserve Bank of India (RBI), will assume the role of Non-Executive Chairman, and Sachin Bansal will continue as its CEO.
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.
Commenting on the development, Sachin Bansal, Executive Director & CEO, Navi Finserv, said, “The addition of Mr. Misra as Chairman of the Board marks a significant step forward for Navi Finserv. His deep expertise in financial services will help us as we navigate the challenges and opportunities ahead. Mr. Misra’s appointment will further elevate our focus on governance and long-term sustained growth and I look forward to collaborating closely with him to build on the strong foundation we have established.”
In response to his appointment, Mr. Misra commented, “It is my privilege and pleasure to be joining the Board of Directors of Navi Finserv, which has come a long way since its inception. The under-served segments of our society present enormous business opportunities to FinTech companies like Navi. I look forward to working with my Board colleagues and the management team towards realising its fullest potential in a well-calibrated and prudent manner while optimally leveraging technology for effective redress of the credit gaps.”
Mr. 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. Mr. 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.
About Navi Finserv:
Navi Finserv is an NBFC registered with the RBI and categorized as an ‘NBFC-Middle Layer’ pursuant to Scale Based Regulations and offers lending products like personal loans and home loans. Navi Finserv is a wholly owned subsidiary of Navi Technologies Limited (NTL). NTL is a technology-driven financial products and services company. NTL was co-founded by Sachin Bansal and Ankit Agarwal and has its registered and corporate office in Bangalore.
