Moneyboxx Finance, a NBFC focused on transforming credit access for micro and small enterprises, has appointed Raj Bans Lal as National Credit Head.
In his role at Moneyboxx, he will be responsible for leading the credit function of the company, ensuring robust credit evaluation frameworks, and enhancing underwriting practices.
Raj Bans Lal brings over 24 years of extensive experience in Credit Analysis, Credit Proposal Evaluation & Rating, and Risk Management across Home Loans, Mortgage Loans, Project Finance, and SME Lending.
His most recent role includes serving as the National Credit Manager at IndusInd Bank, where he helps with the underwriting of Micro & MSME loans pan India. Prior to this, he held leadership roles spanning India’s top financial institutions, including Bajaj Finance, Magma Housing Finance, DHFL, Capital First, and Standard Chartered Bank.
Deepak Aggarwal, Co-founder, Co-CEO and CFO, Moneyboxx Finance, 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.”
Raj Bans Lal said, “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.”
