REL appoints AC Mahajan as independent non-exec Director

Written By Unknown on Sabtu, 02 Maret 2013 | 23.25

Financial services group, Religare Enterprises Limited ( REL ) has appointed former Canara Bank Chairman Avinash Chander Mahajan as an independent non-executive director on its board.

Mahajan's experience in the banking industry spans over three decades. Mahajan was Chairman and Managing Director of Allahabad Bank between 2006 and 2008. He later became CMD of Canara Bank for two years in 2008. He also held the position of Executive Director in India's second largest public sector bank Bank of Baroda.

Mahajan is currently Chairman of the Governing Council of Banking Codes and Standards Board of India. He also serves as an Independent Director on the boards of Hindustan Petroleum Corporation Limited, Management Development Institute, Himvati Power Company Limited, LancoBabanth Power Limited and IDBI MF Trustee Company Limited.

Commenting on Mahajan's appointment, Sunil Godhwani, Chairman and Managing Director, Religare Enterprises Limited said, "We welcome Mr Mahajan to the Religare family. As a group we look forward to his guidance on the integrated financial services portfolio of Religare given his deep and incisive understanding of the banking industry in India." 

The aforementioned copy is a press release by PR Agency Fortuna PR.



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