Home / Industry / News / DLAI appoints Hemachandra, Prasad as independent directors to board

DLAI appoints Hemachandra, Prasad as independent directors to board

The appointment of independent directors will ensure stakeholder interests are represented and the association's operations are in compliance with relevant regulations, DLAI said

Premium

Alok Prasad (left) is the former CEO of MFin and Meena Hemachandra (right) is a former executive director of supervision, RBI

Ajinkya Kawale Pune

3 min read Last Updated : Nov 27 2023 | 10:36 PM IST

Listen to This Article

The Digital Lenders Association of India (DLAI), an industry association for digital lenders, appointed Meena Hemachandra and Alok Prasad as independent directors to its Board on Monday.

The appointment of independent directors will ensure stakeholder interests are represented and the association's operations are in compliance with relevant regulations, DLAI said.

Their role would include assisting the board in fulfilling its fiduciary duties, providing independent judgement and constructive challenge on strategic decisions, monitor and evaluating the performance and accountability of executive management and the board committees, among others.

Hemachandra is a former executive director of supervision, the Reserve Bank of India

Topics : Fintech sector RBI Indian banking sector Financial Technologies

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in