IIFL Finance Appoints Former RBI Deputy Governor B. P. Kanungo as Chairman

IIFL Finance has appointed B. P. Kanungo as its new Chairman, strengthening the company’s leadership with deep regulatory and policy expertise. B. P. Kanungo brings decades of experience from the Reserve Bank of India, where he served as Deputy Governor and played a key role in areas such as banking supervision, financial stability, and consumer protection. His appointment is expected to enhance governance standards, risk oversight, and regulatory alignment at IIFL Finance. Why this matters for investors: Signals a strong focus on corporate governance and compliance Adds credibility through seasoned regulatory leadership Positive for long-term risk management and stakeholder confidence Helpful as NBFCs operate under increasing regulatory scrutiny The move comes at a time when financial services companies are prioritising board strength and governance quality to support sustainable growth.