Ex-RBI ED  Surekha Marandi joins SATYA MicroCapital Board as Independent Director


Biznextindia : Former Reserve Bank of India Executive Director Surekha Marandi has joined Satya Microcapital board as an Independent Director. 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.

“…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” Mrs Marandi said.

“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” said  Vivek Tiwari, MD & CEO, SATYA MicroCapital Ltd.

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