IIFL Samasta Finance, one of India's largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors.This strategic move reflects the company's commitment to further strengthen its .
Speaking at a NAFSCOB function in Mumbai on Tuesday, Nabard Chairman Dr Govinda Chintala stressed on cooperatives reinventing themselves to take on the private sector. Commercial companies are ahead of co-ops because they use advanced technologies as well as the most appropriate tools to reach out to the people. As they employ the best business models, there is a need for cooperatives to re-invent themselves”, Chintala said.
Chintala was speaking at a national seminar organized by Nafscob on ‘Recent Trends in Agriculture Credit Cooperatives and Banking’. Nabard Chairman Dr Govinda Chintala was the keynote speaker. Kribhco Chairman Dr Chandra Pal Singh Yadav was the chief guest.