Edelweiss appoints Mr. B Mahapatra, former RBI Executive Director, on its Board

India’s leading diversified financial services group, Edelweiss Financial Services today announced the appointment of Mr. B Mahapatra former Executive Director, RBI, as independent director on its Board. 

In his previous role as RBI Executive Director, Mr. Mahapatra was in charge of the Department of Banking Operations and Development, Department of Government, Bank Accounts and Inspection. He was instrumental in drafting the Universal banking guidelines in 2013 and recently played a pivotal role in drafting the small and payment bank guidelines.  

Speaking on his appointment Mr. Rashesh Shah, Chairman and CEO, Edelweiss Group said “Over the years Edelweiss has transformed itself from a capital markets player to a credit oriented organization offering diversified financial products and services and the board composition has similarly mirrored Edelweiss’s growth and diversity. We are honored to welcome Mr. Mahapatra to the Edelweiss Board. Mr Mahapatra has had an illustrious career with decades of remarkable and insightful experience in the banking sector and his knowledge and guidance will add significant value to the Board and drive the company to greater heights.”

 Mr. Mahapatra holds a Masters Degree in English, an M.B.A. (Finance), M.S.M. (Finance) and CAIIB.