- Brings over 24 years of extensive industry rich experience in credit underwriting, risk management, and SME lending
- Strategic hire aimed at strengthening Moneyboxx’s credit evaluation capabilities and portfolio quality
National– Moneyboxx Finance Limited, a BSE-listed NBFC focused on transforming credit access for micro and small enterprises in underserved India, has appointed Mr. 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 to support Moneyboxx’s rapidly expanding operations across semi-urban and rural regions.
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 spanned India’s top financial institutions, including Bajaj Finance, Magma Housing Finance, DHFL, Capital First, and Standard Chartered Bank.
Welcoming him to the company, Mr. Deepak Aggarwal, Co-founder, Co-CEO and CFO, 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.”
Commenting on his appointment, Mr. 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.”
This leadership addition comes at a time when Moneyboxx is witnessing strong business momentum. As of Mar’25, the company reported a 27% year-on-year growth in Assets Under Management (AUM), alongside an expanding physical footprint of 163 branches across 12 states, reflecting its continued focus on empowering underserved entrepreneurs and driving inclusive economic growth across rural and semi-urban India.
