The Former State Bank of India (SBI) Chairman Rajnish Kumar was appointed as an advisor in the company named Indifi is a lending platform providing online business loans in India to small businesses, including Retail and Restaurant. The essential roles and responsibilities of Kumar are to manage the strategies of the company’s growth and provide guidance in the financial sector. He is also a member of the board of HSBC Asia Pacific, L&T Infotech, Hero MotoCorp and BharatPe.

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Commenting on the appointment to Indifi’s Advisory Board, Kumar said, “The MSME sector and their credit gap has been a severe problem for India. The headway that Indifi is making in this regard is substantial and impressive. Their ecosystem-based approach to lending has leveraged the opportune intersection of digital platforms used by MSMEs and advancement in data & tech. I look forward to working with the Indifi team and unlocking future growth opportunities and creating value for all the stakeholders in the company.”

“We are delighted to have Mr Kumar join us on the Advisory Board. He is widely regarded as a torchbearer of Digital India. This, coupled with his experience and knowledge of the banking and financial services industry, will be truly invaluable to the Indifi’s ambitions to spread credit inclusion amongst Indian MSMEs. We look forward to unlocking new growth opportunities with his direction and guidance,” said Alok Mittal, CEO & co-founder of Indifi Technologies.