TAB Capital strengthens leadership, inducts V.S. Krishna Kumar as Independent Director

ANI | Updated: Sep 06, 2017 13:47 IST

New Delhi [India], Sept 6 (ANI): TAB Capital, a Pune-based digital lending Non Banking Financial Company (NBFC) financing MSMEs and professionals on Wednesday announced the appointment of V.S. Krishna Kumar, the former Executive Director of Canara Bank, as an Independent Director.

"We are glad to welcome V.S. Krishna Kumar on-board and join our team of driven and earnest professionals. While his credentials and professional odyssey carry a strong testament of his merit, I believe his efforts and expertise are going to be instrumental in TAB Capital achieving its objective of AUM worth 500 crores by 2019," said CA Abhay Bhutada, Chairperson and Managing Director of TAB Capital.

A B.Sc. LLB degree holder, Kumar has over 34 years of banking experience, with Canara Bank, its subsidiaries like Canbank Venture capital fund, Canara HSBC OBC Insurance company, Canara Bank securities, Canara Robeco Mutual Fund, and Allahabad Bank.

In his previous roles, Kumar rendered services in the fields of prime corporate credit, financial management and subsidiaries, information technology and transaction banking, vigilance and human resources management.

"The new-age lending platforms of today are endeavoring to fill up the credit deficit faced in the industry, especially in the tier II and III segments and the small-scale businesses. I share the TAB Capital's vision of ushering in financial inclusion in the diverse and scattered Indian landscapes today. I look forward to my tenure with TAB Capital, and utilizing the esteemed platform created by CA Abhay Bhutada in bringing about financial inclusion in India," said Kumar. (ANI)