Chiranjibi P.

The Reserve Bank of India (RBI)’s newly released final Co-Lending Directions, 2025 mark a pivotal moment for the credit ecosystem, especially for #NBFCs. For the first time, co-lending has been given a dedicated regulatory framework that extends beyond priority sector lending. This signals a deep recognition of the evolving role NBFCs play in India's financial architecture not merely as originators of #credit, but as equal partners in its delivery and risk management. What makes these guidelines truly progressive is their balance of ambition with accountability. The mandatory 10% loan retention ensures skin in the game, while enabling NBFCs to expand their reach through stronger institutional partnerships. The formalisation of #DefaultLossGuarantees (DLG), up to 5%, brings market realities into the regulatory fold without compromising prudential oversight. Add to this the emphasis on borrower-level asset classification, real-time data sharing, and a clear customer interface protocol, and you have a framework that promotes both scale and trust. For NBFCs, this clarity is not just operational it is strategic. It levels the playing field, encourages co-creation, and reinforces the regulator’s confidence in the sector’s maturity and governance. At Northern Arc Capital, we see this as a transformative shift. These directions empower us to collaborate with more intent, innovate with more freedom, and serve underserved borrowers with even greater confidence. This is the kind of regulation that doesn’t just monitor progress, it accelerates it. #RBI #CoLending #NBFC #FinancialInclusion #NorthernArc #CreditInnovation

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What does it take to digitally reimagine one of India’s most trusted financial institutions - while honoring its legacy and leading it into the future? In this episode of Leadership Unscripted, I sit down with Nitin Chugh, Deputy Managing Director and Head of Digital Banking & Transformation at State Bank of India, for a deeply insightful conversation on transformation at scale. Nitin brings a rare combination of technological foresight, executional excellence, and a deep understanding of what it takes to drive change in an institution as complex and far-reaching as SBI. From being a champion of AI-first thinking to leading the charge on YONO 2.0, he brings more than experience - he brings vision. His love for AI goes beyond automation or analytics - it’s about enabling intelligent, intuitive, and inclusive banking at population scale. This isn’t just a conversation - it’s a masterclass in building with intent. Watch the full episode: https://lnkd.in/dz2BpEhT #LeadershipUnscripted #FinancialServices #DigitalTransformation #EYIndia

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Vaibhav Sonavane has been appointed as the Chief Information Security Officer (CISO) at CSB Bank Limited, reinforcing the bank’s commitment to cybersecurity excellence in India’s rapidly evolving BFSI sector. With close to two decades of expertise in cyber risk management, cloud security, data protection, identity governance, and enterprise security architecture, Vaibhav’s appointment signals a strategic move by CSB Bank Limited to strengthen its digital resilience. Prior to joining CSB Bank, he served as Senior Vice President & Head of Emerging Tech & Cloud Security at Axis Bank, where he led transformative cyber defence initiatives. His career also spans key roles at Oracle, PwC India, Wipro Technologies, Rolta India Limited, and Jardine Lloyd Thompson Canada Inc. (JLT Canada), giving him a robust foundation across consulting, financial services, and global technology environments. Known for positioning information security as a business enabler instead of a mere compliance mandate, Vaibhav has been a driving force in board-level security committees and has overseen critical ISO 27001 and ISO 27017 audits. His global exposure across the US, UK, Australia, the Middle East, and Southeast Asia uniquely equips him to lead CSB Bank Limited’s cybersecurity roadmap with a forward-looking perspective. In his new role, he will focus on enhancing governance frameworks, advancing digital resilience, and safeguarding CSB Bank’s technology infrastructure. His leadership is expected to play a crucial role in supporting the bank’s digital-first growth agenda. #CyberSecurity #CISO #CSBBank #InformationSecurity #CloudSecurity #RiskManagement #BFSILeadership #DigitalTransformation #IdentityGovernance #DataProtection #CyberResilience #BankingInnovation #cxolanes

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CSB Bank Limited has appointed Vaibhav Sonavane as its Chief Information Security Officer (CISO), underscoring the bank’s focus on strengthening cybersecurity in India’s dynamic BFSI sector. Bringing nearly 20 years of experience in cyber risk management, cloud security, data protection, identity governance, and enterprise security architecture, Sonavane’s appointment reflects CSB Bank’s commitment to advancing its digital resilience. Before joining CSB Bank, Sonavane was Senior Vice President & Head of Emerging Tech & Cloud Security at Axis Bank, where he spearheaded critical cyber defence initiatives. His career journey also includes key roles with Oracle, PwC India, Wipro Technologies, Rolta India Limited, and Jardine Lloyd Thompson Asia (JLT Asia), equipping him with a blend of consulting, financial services, and global technology expertise. Recognised for positioning information security as a business enabler rather than a compliance requirement, Sonavane has played an active role in board-level security committees and led major ISO 27001 and ISO 27017 audits. With international experience across the US, UK, Australia, the Middle East, and Southeast Asia, he is well-prepared to lead CSB Bank’s cybersecurity strategy. In his new role, he will focus on governance, resilience, and safeguarding the bank’s digital infrastructure to support its growth ambitions. #tradeflock #csbbank #ciso #cybersecurity #banking #bfsi #digitalresilience #cloudsecurity #dataprotection #identitygovernance #enterprisesecurity #cyberrisk #infosec #financialservices #technology #leadership

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