Navi group has recently appointed Rajiv Naresh as the new CEO of Navi Technologies and Abhishek Dwivedi as the CEO of Navi Finserv. The appointment was done after Sachin Bansal founder of the group resigned from his position and appointed them both. However, Bansal will continue in his role as the Executive Chairman of the Navi Group.
According to the company, both Naresh and Dwivedi have been part of the organisation’s early founding team and have held multiple leadership positions within the organisation over the past six years.
The leadership restructuring comes in the wake of regulatory action by the Reserve Bank of India (RBI), which had halted Navi’s lending operations for nearly 40 days before allowing it to resume issuing credit products. However, Bansal clarified that the changes were a strategic move aimed at strengthening long-term growth, rather than a reaction to regulatory scrutiny.
He stated, “This restructuring is a strategic milestone that enables us to sharpen our focus on long-term growth. Both Rajiv and Abhishek have played key roles in our growth, and I am confident we will continue on this upward trajectory as they assume their new roles.”
The RBI had earlier imposed restrictions on Navi, citing concerns over high interest rates and loan evergreening practices, which reportedly pushed customers below Rs 1 lakh loan segment into financial distress.
Despite stepping down as CEO, Bansal emphasised that his role as Executive Chairman would allow him to focus on the broader vision of the Navi Group while Naresh and Dwivedi take charge of their respective business verticals.
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