Contact Your Financial Adviser Money Making MC
8
December 2016
Vistaar Financial Services Private
Limited, an NBFC (non-banking finance company), focused on lending to
small businesses in rural and semi-urban areas, announced the appointment of CB
Bhave as the non-executive chairman and independent director of the company,
according to a release from the company. The Total Investment
& Insurance Solutions
Bhave served as the chairman of
Securities and Exchange Board of India (SEBI) from February 2008 for a period
of three years, prior to which he was the chairman and MD (managing director)
of National Securities Depositories Limited (NSDL). Bhave, a 1975-batch IAS
officer, has worked with the government in various capacities and roles. He was
responsible for revolutionising the Indian capital market by getting market
players to accept the new system of dematerialised shares and debentures. The Total Investment
& Insurance Solutions
On his appointment, Bhave said, “A
large part of the Indian economy is still outside the formal financial
activity. Vistaar Finance along with others is engaged in the process of
integrating the sector and including them in the formal lending activity in
order to grow faster.”
Vistaar Finance is one of the first
NBFCs with complete focus on lending to MSMEs (Micro, Small and Medium
Enterprises) and has recently crossed the loan portfolio size of Rs1,000 crore
and currently has 198 branches primarily in rural and semi-urban areas spread
across 135 districts and 12 states.The Total Investment & Insurance
Solutions
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