Non-banking financial firm Paisalo Digital Limited announced the appointment of Nirmal Chand as Non-Executive Independent Director of the company, with effect from March 27, 2023.
According to the company’s exchange filing, “This is to inform the Exchanges that the Members of the Company have passed the resolutions through postal ballot by way of electronic means on May 5, 2023 (being the last date of voting) regarding appointment of Mr. Nirmal Chand as a Non-Executive Independent Director of the Company.”
Nirmal Chand, Retired Chief General Manager, Reserve Bank of India, has an experience to act as RBI Nominee Director on the Board of Indian Overseas Bank from 2014-2019. During the period 2018-2021, he headed the Department of Govt. and Bank Accounts in Central Office of RBI at Mumbai as Principal Chief General Manager.
He headed Department of Banking Supervision at RBI New Delhi and had carried out the Annual Financial Inspection of many banks. He also headed the Department of Non- Banking Supervision, RBI New Delhi and had shouldered the responsibility of supervision of about 2500 NBFCs, including many of the large NBFCs, which at that time accounted for more than 50% of the business carried out by all the NBFCs in the country. He also has the exposure of working in the areas of Currency Management and Payment Systems in RBI.
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