Mahindra & Mahindra Financial Services Limited (MMFSL/ Mahindra Finance), part of the Mahindra Group, today announced Raul Rebello as its new Chief Operating Officer (COO) with immediate effect. This is post the movement of Rajnish Agarwal to Mahindra Rural Housing Finance Ltd (MRHFL).
Raul is a career banker with nearly two decades of extensive work in the domain of Rural banking and Financial Inclusion. Prior to joining Mahindra Finance, he was associated with Axis Bank Limited as EVP & Head- Rural Lending & Financial Inclusion.
Speaking on Raul’s appointment, Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance said, “It is our pleasure to welcome Raul to the leadership team of Mahindra Finance. As we work very deep into the rural market, the next 3-4 years could really be critical with a good rural bounce back, capitalizing on all emerging opportunities in the rural market. We are broad basing our management team to be able to handle all our new initiatives, to really go deeper and make the rural market bigger for us”.
Raul Rebello COO, Mahindra Finance mentioned, “I am absolutely delighted to be part of the diversified Mahindra Group and Mahindra Finance in particular. The plans which we have discussed for the financial arm and its subsidiaries are challenging, yet exciting. I see significant potential in the combination of my core business expertise and MMFSL’s resident knowledge and people. I am confident that we will add considerable value together and look forward to a mutually rewarding association”.
In his nearly two decades with Axis Bank, Raul led key businesses including Farmer Funding, Gold Loans, MSME lending, Commodity loans, Tractor & Farm Equipment lending, Agri-Value chain finance, Microfinance (Retail & Wholesale) and the Financial Inclusion department. He also led the business correspondent channel including 15000+ partner outlets and the Micro ATM channel of the Bank. He played a pivotal role to increase the Banks distribution in Rural and Semi-Urban areas through light format Banking outlets, Micro-ATMs and Rural ecosystem partnerships.
Raul is credited with several transformational interventions viz. introducing various end-to-end digital initiatives and paperless loan journeys for low-income households besides launching suitable phygital tools and customer journeys. A Post Graduate in Management from Goa Institute of Management, Raul is an active member on various industry and trade association bodies.