Edelweiss names former RBI ED B Mahapatra as independent director

Mumbai-based financial services firm Edelweiss Financial Services Ltd has appointed former RBI executive director B Mahapatra as independent director on its board, the company said in a press release.

At RBI, he was in charge of the department of banking operations and development besides department of government, bank accounts and inspection. Mahapatra was instrumental in drafting the universal banking guidelines in 2013 and was recently involved in drafting the small and payments bank guidelines.

Mumbai-based Edelweiss functions through four clusters—credit, financial markets & asset management, life insurance and commodities.

Last year, the financial services firm roped in Alok Saigal as head of fixed income unit and Maneesha Jha Thakur as group head, human resource.

(Edited by Joby Puthuparampil Johnson)

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