Parvathy Sundaram (left) and Venugopal Bhaskaran Nayar (Right). File
| Photo Credit: Special Arrangement
Indel Money, a gold mortgage NBFC, has introduced the appointment of Parvathy Sundaram, Former Executive Director, Reserve Bank of India (RBI) , and Venugopal Bhaskaran Nayar, former Managing Director of Life Insurance Corporation of India (LIC), as Independent Directors on its Board.
Umesh Mohanan, ED & CEO, Indel Money, mentioned, “Their wealth of experience in regulatory and financial services will be instrumental as we chart our next phase of growth and continue building leadership in core retail, secured asset categories.”
Ms. Sundaram was straight concerned within the Asset Quality Review (2015–17), the shift to Risk-Based Supervision, and the event of a framework for small overseas banks on the RBI. She additionally contributed to the revised Prompt Corrective Action (PCA) tips and took part in RBI working teams on MCLR and the Public Credit Registry.
Mr. Nayar has over 38 years of expertise in monetary providers, together with 36 years with LIC. He retired as Managing Director in May 2019. Since retirement, he has served as an Independent Director at SBI Life Insurance and on the boards of establishments together with SBI (as an Independent Director until 2024), NCDEX, LIC Nepal, LIC Bangladesh, and LIC International.
Published – July 11, 2025 09:56 pm IST