Revolutionizing Finance: Key Appointments and Strategic Collaborations

Mahindra Finance and other prominent financial institutions have announced key appointments and strategic collaborations. Mod Narayan Singh becomes Mahindra Finance's chief compliance officer. Aditya Birla Finance partners with AU Small Finance Bank for a co-branded credit card. SBI Foundation collaborates with Villgro to benefit 10,000 farmers. L&T Finance ties up with CRED for co-lending.

Non-bank lender Mahindra Finance has appointed Mod Narayan Singh, a veteran from the Reserve Bank of India, as its chief compliance officer.

Bijoy Thaplial has also taken up the role of chief business officer at Mahindra Finance, as per an official statement.

The DigiSahamati Foundation, an industry alliance for the account aggregator ecosystem, announced on Tuesday that successful consents in the system have surpassed the 100 million mark. Over 80 million people in India are now using the account aggregator ecosystem, according to the body.

In a significant move, Aditya Birla Finance and AU Small Finance Bank launched a co-branded credit card offering. The credit cards, available in four variants, will operate on the Visa and Rupay payment networks.

The SBI Foundation has partnered with the social enterprise incubator Villgro to provide funding support in the form of seed equity to nine startups. This initiative aims to benefit 10,000 farmers by enhancing their incomes.

Non-bank lender L&T Finance has entered the co-lending space by tying up with CRED, an affluent customers-focused payment platform, to distribute unsecured personal loans.

(With inputs from agencies.)