Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Industry News

| More

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

Click here to send ur comments or to

Other Headlines:

LANXESS increases prices for engineering plastics

AMP Capital establishes energy transmission platform in India with Sterlite Power

First-of-its-kind cradle that enables babies to have uninterrupted sleep

NASSCOM and BIRAC launches 'JAN-Care', a Nationwide Challenge to Scale Healthtech Innovation

LANXESS increases prices for 1,6-hexanediol

Fincare Small Finance Bank partners with Go Digit Insurance

Fincare Small Finance Bank signs a MoU with National Housing Bank for PMAY

S. P. Retail Brands Ltd. acquires UK based Kidswear brand Angel & Rocket

ESAF Small Finance Bank net profit grows by 41.09%

SIDBI's Standup Mitra Portal set up under GOI's Stand-Up India scheme reaches over 96,000 loan sanctions

Shriram General Insurance to strengthen business using Digital channels

Bharti AXA Life Insurance launches Bharti AXA Life Wealth Pro

SIDBI and CRIF India collaborate to introduce sector-based insight reports 'Industry Spotlight'

SIDBI joins hands with Government of Gujarat for the Development of MSME ecosystem in the State

FAITH asks Anti-competitive travel tax TCS to be withdrawn

ESAF Small Finance Bank Announces Fintech Conclave 2020

Micro ATM is a game changer in India - Says RapiPay

ClearTax amongst 20 Indian startups in CB Insights' World's Most Promising Fintech list

Liberty General Insurance Receives INR 100 Crore Capital Infusion from Promoter Group

SIDBI and TransUnion CIBIL launch MSMESaksham

Tata AIA appoints Naveen Tahilyani as Chief Executive officer and MD

Sharekhan just went Bollywood ! Launches MoneyFLIX, World's First Financial Movies Platform

Angel Broking becomes 4th largest brokerage house in the country based on active clients at the NSE

IL&FS board upgrades estimates of debt addressed to over Rs. 57,000 crore

Upstox Registers 1 Million Customers; Aims to Double by December 2020

Reliance Securities launches new referral programme to provide enhanced digital experience to customers

RankMF Launches India's First Mutual fund Portfolio Sanitization Tool: SmartSwitch

Blue Ashva Capital announces initial close of SME focused India Fund

Convergent Finance LLP announces USD14.1 mn investment in Jyoti International Foods

Angel Broking records highest monthly client addition of 1Lakh +

Universal Sompo General Insurance Company Limited has announced the appointment of Sharad Mathur as its Managing Director & CEO

Sonalika Tractors Records 18.6% Overall Sales Growth in May'20

Upstox revamps its trading platform; introduces Pro Web 3.0

SATYA MicroCapital Ltd. gets MFI Grading uplift from ICRA

Indian Space Technology Startup VestaSpace Technology Receives USD 10 million Funding from US-based Next Capital LLC

ICAI Stands with Government to fight against COVID 19

Honda 2Wheelers India pledges support to its dealer family to maintain business continuity

Moneycontrol Pro reaches a new milestone - 1.5 lakh paying subscribers

Arcil commits Rs. 1.5 Crore towards India's fight against COVID-19

Cognizant to acquire Lev to expand Digital Marketing expertise

Hon'ble Finance Minister reaches out to CAs for promoting Vivad se Vishwas scheme

SIAM numbers - Suman Chowdhury, President - Ratings at Acuité Ratings & Research Ltd

Sterlite Power Concludes Sale of Novo Estado

mastertrust Slashes its Trading Fees to Zero, on the MobileApp, for Millennial

CAMS FinServ receives RBI license for Account Aggregator service

Brookfield Properties bags four awards at the ET Now Global Real Estate Congress Awards 2020!

RXIL Digitizes its MSME Onboarding using Jocata GRID

Indian Exhibition of Air Conditioning Industry Draws International Attention

India Post Payments Bank Crosses Milestone of 2 Crore Customers

EFL revolutionises AC's by launching Health Conditioners

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020