MFIN Appoints R Baskar Babu as New President

By 121 News

Chandigarh 04^th July:- Microfinance Institutions Network (MFIN),the premier industry association and Self-Regulatory Organization (SRO) for the microfinance industry in India has announced R Baskar Babu, CEO of Suryoday Micro Finance as its new President of the Board in the wake of the previous President retiring. He replaces Manoj Nambiar of Arohan. The Board also elected Rakesh Dubey, CEO of SVCL CreditlinePvt Ltd. as MFIN's new Vice President.

Speaking on his appointment as the President of MFIN  R Baskar Babu said that he is happy to be entrusted with this responsibility in this important phase of the rapidly changing Financial Inclusion landscape. These are interesting times with many interesting and positive changes happening at the same time. As before, MFIN will continue to strive in bringing about a focused and sustained efforts among players in the Financial Inclusion space in strengthening the sector to positively impact our clients, our primary stakeholders.

Sharing his sentiments on being appointed as Vice President of MFIN  Rakesh Dubey said that as a part of Governing Board of MFIN, he shall try to use his expertise for promoting financial inclusion and in contributing towards the robust development of the microfinance sector. He is committed towards working on encouraging the industry to adopt measures for responsible lending, client protection and policy advocacy for betterment of MFIs. Additionally, we will try to create more employment opportunities that help to raise the living standards of the lower income group and eventually build a global network of sustainable and scalable social enterprises.