NEW DELHI, Apr 26: Diversified financial services group Religare Enterprises Limited (REL) today said it has appointed Nitya Kishore Sahu as group head – compliance.
Sahu is career central banker, having worked with the Reserve Bank (RBI) for more than 35 years.
“He will be responsible for spearheading group-wide compliance function. His appointment is in line with the strong focus on the highest standards of corporate governance, particularly in the area of business ethics and regulatory compliance by the board of the company,” Religare said in a statement today.
The company said it is committed to ensure that the ethos of good governance, ethics and accountability become the hallmark of Religare Group.
In his stint at the RBI, Sahu handled areas of banking regulation and supervision, non-banking regulation and supervision, human resource management, financial management, forex control and management, customer service, financial inclusion, national clearing cell, and payment and settlement systems, among others.
Sahu holds a post graduate degree in economics from the Delhi School of Economics and also is a Certified Associate of the Indian Institute of Bankers (CAIIB).
“Given his deep and incisive understanding of the financial sector in India, we are sure that he will contribute immensely to strengthening Religare as a financial institution, particularly in the areas of regulatory compliance and governance,” said Ashok Mehta, interim chief executive officer, Religare Enterprises Ltd (REL).
REL offers financial services through its subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance and retail broking. (PTI)
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