North East Small Finance Bank (NESFB) has appointed Samit Shankar Shetty and Parvez Mulla as independent directors to the bank’s board. The announcement was made by NESFB on April 5, 2024.
The two men have extensive experience in banking and financial institutions. The appointment of them to the bank’s board is expected to strengthen its operational excellence and growth trajectory.
Mr. Samit Shankar Shetty has been the founder of Chaitanya India Fin Credit Pvt Ltd. and Chaitanya Rural Intermediation Development Services (CRIDS), which later became Navi Finserv. He has over 2 decades of experience in providing digital lending services and currently serves as a board member of Navi. He is an alumnus of IIM Ahmedabad and has extensive experience in building successful financial services institutions.
Mr. Parvez Mulla has 30 years of experience in the financial services industry. He has led large and high-performing teams across various retail banking roles, sales, operations, and collections at ICICI Bank and ANZ Grindlays. He is an alumnus of IIM Bangalore and has held leadership positions at several other banks and financial institutions.
The induction of Mr. Shetty and Mr. Mulla to the NESFB board is a strategic move for the bank as it embarks on a new chapter of growth and expansion. Their expertise and strategic acumen will be highly consequential for the bank’s growth and long-term success.