Indel Money inducts ex RBI ED, LIC MD into its board

Umesh Mohanan, ED & CEO, Indel Money, mentioned, “Their wealth of expertise in regulatory and monetary companies will likely be instrumental as we chart our subsequent part of progress and proceed constructing management in core retail, secured asset classes.”

Ms. Sundaram was straight concerned within the Asset Quality Review (2015–17), the shift to Risk-Based Supervision, and the event of a framework for small international banks on the RBI. She additionally contributed to the revised Prompt Corrective Action (PCA) pointers and took part in RBI working teams on MCLR and the Public Credit Registry.

Mr. Nayar has over 38 years of expertise in monetary companies, together with 36 years with LIC. He retired as Managing Director in May 2019. Since retirement, he has served as an Independent Director at SBI Life Insurance and on the boards of establishments together with SBI (as an Independent Director until 2024), NCDEX, LIC Nepal, LIC Bangladesh, and LIC International.