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Former Executive Director, RBI - Mrs. Surekha Marandi joins SATYA MicroCapital Limited as Independent Director

Posted On: 2020-04-02 14:19:30

SATYA MicroCapital Limited has confirmed the appointment of Mrs. Surekha Marandi, (Former ED) Reserve Bank of India, a Financial Inclusion Expert as an Independent Director of the company.

With a vast multifarious experience of more than three decades in the sectoral BFSI domain, Surekha is an exemplary Financial Inclusion Expert. As the Executive Director at the Reserve Bank of India till July 2019, Surekha was overseeing the functions of RBI, pertaining to Financial Inclusion and Development Department (FIDD); Customer Education and Protection Department (CEPD) and Department of Communication (DOC). Also, as the GM of Rural Planning and Credit Department (RPCD) at RBI, she remarkably handled the policy on priority sector, microfinance, financial inclusion and regulation of RRBs.

Sharing her positive views on the association with SATYA MicroCapital Ltd. as Independent Director, Mrs. Surekha Marandi stated, "It is a matter of great pleasure for me to join Mr. Vivek Tiwari and other eminent board members at SATYA MicroCapital. Though, this is a time when the company will be facing many challenges, which I am sure will be met most adequately by Mr. Tiwari, who is known in the Indian microfinance sector for his vision, execution and technological proficiency. SATYA MicroCapital's core values of 'Satya' (Truth) and 'Simplicity' are key factors behind its success in facilitating the financial inclusion of a large number of people across urban and rural regions of the country. I look forward to contributing towards a stable and strong growth trajectory of SATYA MicroCapital."

Mr. Vivek Tiwari, MD & CEO, SATYA MicroCapital Ltd. added, "We heartily welcome Mrs. Surekha Marandi on the Board of SATYA MicroCapital Ltd. With the trust Mrs. Marandi has showcased in us and her presence on the company board as an Independent Director, we believe that SATYA will emerge as one of the prominent key players in the microfinance and MSME industry. Her sagacity, extended support and sectoral expertise shall empower SATYA's ability to enhance credit flow at the bottom of the pyramid for the socio-economic upliftment of 5 million rural households in India by the year 2025 and further deepen the impact of its financial inclusion initiatives in the microfinance industry. It is indeed an honour for us to have the presence of such a dignified identity from the BFSI landscape and she shall surely be an inspiration for our women microentrepreneurs across the nation. We look forward to working with her."

Source: Equity Bulls

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