IIFL Finance Appointed Former RBI Dy-Governor BP Kanungo as Chairman
In December 2025, IIFL Finance Limited, India’s leading retail-focused diversified Non-Banking Finance Company (NBFC), appointed Bibhu Prasad (BP) Kanungo, former Deputy (Dy)-Governor of Reserve Bank of India (RBI) as non-executive chairman of the board, with immediate effect.
In December 2025, IIFL Finance Limited, India’s leading retail-focused diversified Non-Banking Finance Company (NBFC), appointed Bibhu Prasad (BP) Kanungo, former Deputy (Dy)-Governor of Reserve Bank of India (RBI) as non-executive chairman of the board, with immediate effect.
- Kanungo is currently serving as a non-executive independent director on the board of the company.
- As per IIFL Finance, Kanungo as chairman will lead the board in framing strategic policies, improving governance standards, and protecting the interests of shareholders.
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- What? IIFL Finance Appointed Non-Chairman of the board
- Who? BP Kanungo, former Deputy Governor of RBI
- Current Role in IIFL: Non-Executive Independent Director
- Tenure as RBI’s Dy-Governor: from 2017 to 2021
About BP Kanungo:
Experience: He has an extensive experience of nearly 40 years in central banking, monetary policy and financial regulation.
RBI’s Deputy Governor: Kanungo served as Deputy Governor of RBI from 2017 to 2021 and was also a member of the Monetary Policy Committee (MPC).
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