Ex-RBI deputy governor Kanungo may join IIFL board

June 16, 2025

Former RBI Deputy Governor BP Kanungo is set to join IIFL Finance as an independent director, succeeding AK Purwar. This appointment follows a period where the RBI had banned IIFL Finance from disbursing gold loans due to regulatory non-compliance, a ban that was later lifted. Kanungo’s expertise is expected to bolster IIFL’s risk management and governance.

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