AU Small Finance Bank
Mr. Raj Vikash Verma joined the Board of Directors of AU Small Finance Bank Limited in January 2018. He has completed his graduation and post-graduation in Economics from Delhi School of Economics and has a Master's degree in Business Administration from FMS - Delhi University. He is also a Certified Associate of the Indian Institute of Bankers (CAIIB). He took charge as Part-time Chairman (Independent Director) (Non-Executive) of Bank on 8th April 2020 post receipt of approval from RBI and on retirement of Mr. Mannil Venugopalan from the position of Chairman.
Mr. Verma has vast and diversified experience of over 37 years in fields of Finance, Economics, Banking, Regulatory Compliances, Housing & Mortgage Finance and the Real Estate Sector.
Mr. Raj Vikash Verma, has held several leadership positions during his illustrious career in the Financial Services sector including many top management and Board positions, viz. Chairman and Managing Director (CMD) of National Housing Bank (NHB), Whole Time Director and Chairman of CERSAI, Non-Executive Director/Chairman of the India Mortgage Guarantee Corporation and Whole Time Member & Officiating Chairman of Pension Fund Regulatory and Development Authority (PFRDA). He was consultant to the World Bank Group on Housing, Real Estate and Mortgage Sector and appointed as Member on the Advisory Committee of the Insolvency and Bankruptcy Board of India (IBBI). He also served as Member on a number of Committees appointed by the Government of India and Reserve Bank of India, and has played key roles in the formulation of various national level schemes and programmes on affordable and low-income Housing, Securitisation, informal sector and Micro housing finance and several other groundbreaking Initiatives and Projects
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AU Small Finance Bank
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AU Small Finance Bank Limited, formerly Au Financiers (India) Limited, is an India-based small finance bank company. The Company provides wholesale banking, personal banking, insurance and retail loans products and services. Its personal banking includes savings account, current account, term deposit, debit card, locker and insurance. Its retail loans products and services includes wheels, secured business loan, gold loan and Kisan loan. Its wholesale banking products and services include business banking; non banking financial company (NBFC), household finance corporation (HFC), micro finance institutions (MFI) lending; and real estate group. It also provides Government banking. Kisan Loans are specifically designed to meet the production and investment credit requirement for farmers in a timely and simplified manner.