State-run National Bank for Agriculture and Rural Development (NABARD) said on Saturday that Prakash Bakshi has been appointed as its new Chairman.
Prior to this new role, Bakshi was handling the responsibilities as Executive Director of NABARD and has been in-charge of various departments such as cooperative revival and reforms, institutional development, farm sector, non-farm sector, micro credit innovations and financial inclusion initiatives, a press statement issued here said.
Bakshi has been instrumental in designing the organisational and business restructuring of NABARD and spearheading initiatives in cooperative portfolios, core banking solutions for cooperative banks, rural infrastructure and direct financing, it said.
A Doctorate in Economics, Bakshi has also headed the Kerala and Tamil Nadu regional offices of NABARD. Bakshi was member of the team that designed and replicated the ‘Self Help Groups (SHGs)-Bank Linkage Programme’ and was also associated with the committee on cooperative credit structuring set up by the Government under Prof Vaidyanathan.
He was also Member-Secretary of the Committee set up by the Government to examine the capital structure of Regional Rural Banks (RRBs) and on the task force on co-operatives set up by the Ministry of Agriculture and Cooperation.
