CreditAccess Grameen Ltd., a rural-focused inclusive financing platform, has appointed Devika Praveen as its Chief Compliance Officer (CCO).
Devika brings nearly three decades of experience in banking and financial services, with expertise in regulatory compliance, governance, anti-money laundering (AML), regulatory supervision, policy management, compliance testing and Board-level oversight.
Extensive experience
Prior to joining CreditAccess Grameen, she served as Deputy Chief Compliance Officer at Slice Small Finance Bank. During her career, she has held key leadership positions, including Chief Compliance Officer at Fincare Small Finance Bank, and senior compliance roles at AU Small Finance Bank, Kotak Mahindra Bank and ING Vysya Bank.
She has extensive experience in managing regulatory relationships, overseeing supervisory inspections, strengthening enterprise-wide compliance frameworks, driving AML and regulatory reporting initiatives, and ensuring robust governance practices across organisations.
Strengthening governance
Devika holds a Master of Business Administration from the University of Mysore and is a CAIIB-qualified banking professional.
“CreditAccess Grameen is an institution that has consistently demonstrated its commitment to responsible finance and financial inclusion. I look forward to working closely with the leadership team to further strengthen the Company’s compliance and governance framework, foster a culture of regulatory excellence, and support its sustainable growth journey,” said CreditAccess Grameen Chief Compliance Officer Devika Praveen.
“Her extensive experience in regulatory compliance and governance, coupled with her deep understanding of the evolving regulatory landscape, will be invaluable as we continue to strengthen our compliance framework and uphold the highest standards of corporate governance,” said CreditAccess Grameen Managing Director and Chief Executive Officer Ganesh Narayanan.
CreditAccess Grameen is one of India’s leading microfinance institutions, providing financial services to women entrepreneurs and underserved rural households across multiple States through a technology-enabled and customer-centric lending platform.