Guwahati: The North East Small Finance Bank (NESFB) has appointed Samit Shankar Shetty and Parvez Mulla as independent directors to its Board. Shetty has over two decades of experience in leading financial institutions, particularly in microfinance and NBFC domains.
An NESFB press stated that he founded Chaitanya India Fin Credit Pvt Ltd, a Microfinance Lender, and Chaitanya Rural Intermediation Development Services (CRIDS), which later became Navi Finserv, a digital lender.
He was also involved in the early stages of Navi's health insurance and mutual fund business.
Mulla's extensive 30-year career in the financial services industry, characterized by his contributions across banking, lending, and insurance, positions him as a strategic addition to the team.
He has led large and high-performing teams across various retail banking functions, sales, operations, and collections. Mulla's deep insights into digital ecosystems and operational excellence are particularly relevant as NESFB embarks on expanding its services and reach across India.
Satish Kumar Kalra, Mamaging Director and Chief Executive Officer NESFB, expressed excitement about the recent executive appointments and the importance of the two veteran leaders in boosting the bank's growth.
The Competition Commission of India approved the transaction involving the merger of North East Small Finance Bank with slice in March as the release stated.
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