Bengaluru-based non-banking finance company Optimo Capital announced on Thursday the appointment of former RBI Chief General Manager Shrimohan Yadav as an independent director on its board. According to reports from Rediff Moneynews, Yadav will guide the company's board on governance, risk and regulatory matters and serve on certain important board committees. The appointment aims to support Optimo Capital's growth target of ₹1,200 crore in assets under management from the current ₹441 crore by the end of March 2027.
Yadav served as Chief General Manager in the department of regulation, overseeing the licensing and ownership of private sector banks, small finance banks and payments banks, along with bank acquisitions, restructuring and governance. As reported by Rediff Moneynews, he currently serves as an independent director across the boards of a leading small finance bank and NBFCs and acts as a senior advisor to prominent firms in the financial services sector. His extensive experience from his role at RBI overseeing bank regulation and governance will be instrumental in guiding the company's board on governance, risk and regulatory matters.
According to Rediff Moneynews, as Optimo works toward its target of ₹1,200 crore in assets under management from the current ₹441 crore by the end of March 2027, Yadav's rich experience will be instrumental in ensuring that its institutional frameworks, risk discipline and board oversight keep pace with its growth. The appointment is strategically timed to support the company's ambitious expansion plans and maintain regulatory compliance as it scales operations.
