Krazybee appoints former RBI Exec Director as an Independent Director to board

By Megha Bhattacharya

Krazybee Services Private Limited, a Non-Deposit taking NBFC, today announced the appointment of G. Gopalakrishna as an Independent Director to its board. The other members on the NBFC Board include Non-Executive Directors Adesh Kumar Gupta and Abhishek Singhvi and Executive Director Madhusudan E.

Incumbent Krazybee NBFC Director Vivek Veda said, “We are delighted to have Mr. G Gopalakrishna on our Board. His strong supervisory and regulatory background and significant experience in the finance industry will help the company achieve its ambition of becoming a trusted and performance-oriented consumer lending NBFC for all associated stakeholders.”

Mr. Gopalakrishna worked as the Executive Director of Reserve Bank of India (RBI) and has been with the RBI for around 33 years. While working as the Executive Director at the central bank, he was responsible for overseeing the Department of Banking Supervision, Dept. of Non-Banking Supervision and Foreign Exchange Department, among others. He was later appointed as Director, Centre for Advanced Financial Research and Learning (CAFRAL) promoted by RBI (2014-17). Presently, he is also on boards of a few other financial institutions and companies.

On the appointment, Krazybee’s new Independent Director Mr. G Gopalakrishna said, “Financial inclusion in a diverse demographic in India is the need of the hour. What impresses me about Krazybee Services Private Limited is not just the social sensitivity they have showcased by extending the credit line to consumers which are underserved largely by banking institutions & traditional NBFCs, but also the austerity with which they have managed their business and operations.”