Mumbai, Dec. 20 -- IIFL Finance appointed former RBI Deputy Governor Bibhu Prasad Kanungo as the chairperson of its board, with immediate effect.

The decision was approved unanimously by the board at its meeting on 19 December 2025. The company said the appointment reflects its focus on stronger governance and regulatory discipline.

Kanungo brings over four decades of experience in central banking and financial regulation. He served as RBI Deputy Governor from 2017 to 2021 and was a member of the Monetary Policy Committee during that period.

Earlier, he held several senior positions at the RBI, including Regional Director and Banking Ombudsman. He currently serves as a non executive independent director on the board of IIFL Finance.

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