B P Kanungo Appointed as Non-Executive Chairman at IIFL Finance
B P Kanungo, former Deputy Governor of the Reserve Bank of India (RBI), has been appointed as the Non-Executive Chairman of IIFL Finance, marking a significant leadership development for the non-banking financial company.
With extensive experience in central banking, regulation, and financial sector oversight, B P Kanungo brings deep institutional knowledge and policy-level expertise to the board. His appointment is expected to strengthen corporate governance practices, enhance regulatory alignment, and reinforce risk management frameworks at IIFL Finance.
During his tenure at the Reserve Bank of India, Kanungo played a key role across several regulatory and supervisory domains, including banking regulation, NBFC oversight, and financial stability initiatives. He was closely associated with policy formulation aimed at improving prudence, transparency, and systemic resilience within the Indian financial system.
In his new role as Non-Executive Chairman, Kanungo will provide independent oversight and strategic guidance, supporting IIFL Finance’s focus on sustainable growth, compliance-driven operations, and long-term value creation. His presence on the board is expected to further strengthen stakeholder confidence as the company operates in an increasingly complex and regulated financial environment.
The appointment reflects IIFL Finance’s intent to leverage seasoned regulatory leadership to navigate evolving market conditions while maintaining strong governance and institutional credibility.
