Krazybee Services Pvt Ltd appoints G Gopalakrishna as an Independent Director

Krazybee Services Private Limited is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI). The company has appointed Mr G Gopalakrishna, former Executive Director (ED) of Reserve Bank of India (RBI) as an Independent Director on its Board.

About Mr Gopalakrishna

Mr Gopalakrishna has been a career Central Banker with RBI for over 33 years in various capacities. Recently, he retired as Executive Director (ED) in 2014. During his stint as ED RBI, he oversaw the Department of Banking Supervision; Dept of Non-Banking Supervision and Foreign Exchange Department, among others. RBI, later appointed him as Director, Centre for Advanced Financial Research and Learning (CAFRAL) promoted by RBI (2014-17). Presently, he is also on boards of a few other financial institutions and companies.

From the leaders

Director Vivek Veda, Krazybee expressed his delight at the appointment of Mr G Gopalakrishna. Talking about the development, he says that Mr Gopapalkrishna has a strong supervisory and regulatory background. Vivek Veda also pointed out the significant experience of Mr Gopalakrishna in the finance industry. "This will further help the company achieve its ambition of becoming a trusted and performance-oriented consumer lending NBFC for all associated stakeholders,” he said.

Mr G Gopalakrishna says that financial inclusion in a diverse demographic in India is the need of the hour. "What impresses me about Krazybee Services Private Limited is not just the social sensitivity they have showcased by extending the credit line to consumers which are underserved largely by banking institutions & traditional NBFCs but also the austerity with which they have managed their business and operations,” he said, on the development.

The other members on NBFC Board of Krazybee include Mr Adesh Kumar Gupta (Non-executive), Mr Abhishek Singhvi (Non-executive), and Mr Madhusudan E (Executive). Currently, the company lends on its partner platform KreditBee. The loan products primarily include personal loans with the tenure ranging between 2 and 15 months, with ticket size going up to Rs. 2,00,000.