MFIN appoints R Baskar Babu as new President

He replaces Manoj Nambiar of Arohan.

The Board also elected Rakesh Dubey, CEO of SVCL CreditlinePvt Ltd. as MFIN’s new Vice President.

Speaking on his appointment as the President of MFIN R Baskar Babu said,“I am happy to be entrusted with this responsibility in this important phase of the rapidly changing Financial Inclusion landscape. These are interesting times with many interesting and positive changes happening at the same time. As before, MFIN will continue to strive in bringing about a focused and sustained efforts among players in the Financial Inclusion space in strengthening the sector to positively impact our clients, our primary stakeholders”

Sharing his sentiments on being appointed as Vice President of MFIN Rakesh Dubey said, “As a part of Governing Board of MFIN, I shall try to use my expertise for promoting financial inclusion and in contributing towards the robust development of the microfinance sector. I am committed towards working on encouraging the industry to adopt measures for responsible lending, client protection and policy advocacy for betterment of MFIs. Additionally, we will try to create more employment opportunities that help to raise the living standards of the lower income group and eventually build a global network of sustainable and scalable social enterprises.”

The newly appointed President,  R Baskar Babu, has 22 years of experience in financial services and banking and has earlier worked with First Leasing, Cholamandalam, HDFC Bank and GE Capital in various leadership positions.

Rakesh Dubey has more than 18 years of experience in the micro finance domain and has an expertise of setting up domestic as well as international microfinance institutions.  Prior to joining the SVCL team, Dubey had also been involved in the inception of SONATA Finance Pvt. Limited and Cashpor Micro Credit.