Mumbai: Moneyboxx Finance Limited, a BSE-listed NBFC dedicated to bridging the credit gap for micro and small enterprises in underserved regions, has announced the appointment of Raj Bans Lal as National Credit Head. This strategic leadership addition is aimed at further strengthening the company’s credit evaluation framework and portfolio quality, supporting its rapid expansion across rural and semi-urban India.
With an impressive career spanning over 24 years, Mr. Lal brings deep expertise in credit underwriting, risk management, credit proposal evaluation, and SME lending. Prior to joining Moneyboxx, he served as National Credit Manager at IndusInd Bank, where he oversaw underwriting of Micro & MSME loans across India. His leadership journey also includes stints at Bajaj Finance, Magma Housing Finance, DHFL, Capital First, and Standard Chartered Bank, making him a seasoned professional in the lending ecosystem.
Deepak Aggarwal, Co-founder, Co-CEO, and CFO of Moneyboxx Finance Limited, said, “We are delighted to welcome Raj Bans Lal to our leadership team. His in-depth understanding of credit risk, experience across lending verticals, and proven track record in scaling credit operations make him an invaluable asset for Moneyboxx. As we continue our journey of empowering underserved entrepreneurs across India, his leadership will be instrumental in fortifying our credit processes and supporting sustainable portfolio growth.”
On his appointment, Raj Bans Lal commented, “I am excited to join Moneyboxx Finance in its mission of transforming access to credit for micro and small businesses. The company’s strong growth trajectory, mission-led culture, and focus on grassroots entrepreneurship deeply resonate with my aim to solve MSMEs credit gap within India. I look forward to contribute to its next phase of expansion by strengthening credit assessment and supporting risk-resilient lending practices.”
The appointment comes at a time when Moneyboxx is experiencing strong growth momentum. As of March 2025, the company reported 27% year-on-year growth in Assets Under Management (AUM), supported by an expanding presence with 163 branches across 12 states. With this leadership move, Moneyboxx reinforces its commitment to building a resilient credit portfolio and driving inclusive financial access for India’s underserved entrepreneurs.
