Guwahati, India , April 5, 2024 /PRNewswire/ — North East Small Finance Bank (NESFB) is pleased to announce the appointment of Mr. Sumit Shankar Shetty and Mr. Parvez Mulla as Independent Directors on its esteemed Board of Directors. The appointment of experienced professionals, each with over 20 years of experience in growing and managing financial institutions, underscores NESFB's commitment to being a highly inclusive and digital-forward bank for consumers.
parvez mura
Sumit Shankar Shetty
Sumit Shankar Shetty's distinguished career in the financial sector is marked by over 20 years of extensive experience in leading financial institutions, particularly in the microfinance and NBFC sectors. He founded his Chaitanya India Fin Credit Pvt Ltd, a microfinance lender, and Chaitanya Rural Intermediation Development Services (CRIDS), which later became his Navi Finserv, a digital lender. He was also involved in the early stages of Navi's health insurance and mutual fund business. An IIM Ahmedabad alumnus, his rich background in building successful financial services institutions and pioneering digital lending initiatives make him a valuable addition to NESFB, especially as the bank moves forward with its upcoming merger with fintech company Slice. They are positioned as valuable human resources. His expertise is expected to be critical in strengthening NESFB's mission of financial inclusion and operational excellence.
Mr. Sumit Shankar Shetty Sharing his thoughts on joining the NESFB Board, he said: “NESFB is going through an interesting phase and I look forward to joining NESFB, working closely with the banks and providing the team with all the support they need. ’s core business values and I am excited to be part of this exciting journey.”
Parvez Mulla has an extensive 30-year career in the financial services industry, characterized by significant contributions across banking, lending and insurance, positioning him as a strategic addition to the team. During his 20-year tenure with ICICI Bank and his ANZ Grindlays, Mr. Mulla led large and highly talented teams across various retail banking functions, sales, operations and collections departments. An alumnus of IIM Bangalore, he has held leadership roles as Chief Executive Officer of Retail, MD of L&T Finance, True North, COO of HDFC Life and Director of HDFC Pension, leading to growth, profitability and operational efficiency across the financial industry. He has contributed diverse experience in promotion. service. His deep insights into digital ecosystems and operational excellence are especially important as NESFB embarks on expanding its services and reach. India.
Parvez Mulla added: , “I am honored to join the NESFB Board of Directors, especially at such a transformative time as the bank approaches its strategic merger with Slice. We offer an exciting opportunity to create a strong value proposition for our employees, regulators and shareholders. I look forward to working with the team as NESFB embarks on this exciting journey. ”
Regarding the recent personnel changes, he says the following: Mr. Satish Kumar KalraMD & CEO of NESFB said:, “We are very pleased to welcome Sumit Shankar Shetty and Parvez Mulla to the NESFB team. We welcome two veteran leaders as the bank prepares for a pivotal transformation. Their addition to the NESFB Board of Directors is critical to driving the bank's growth.'' Their unique experience and strategic acumen will make a significant contribution to the bank's growth and long-term success. ”
In March, the Competition Commission India Approved the transaction for the merger of North East Small Finance Bank and Slice.
About Northeast Small Business Finance Bank the banker at your doorstep.
NESFB is the only small finance bank in the Northeast region. India, boasts an extensive branch network spanning nine states. As a preferred banking institution, NESFB offers comprehensive financial services including bank accounts, deposits, debit cards, loans, mutual funds, and insurance. NESFB is committed to meeting the diverse financial requirements of individuals by providing appropriate financial products and services quickly, conveniently and responsibly. NESFB plays a pivotal role in leveraging doorstep banking and cutting-edge technology to foster sustainable growth within the broader community.
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