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Raman Aggarwal Takes Over as CEO of Finance Industry Development Council (FIDC).

Appointment | Dated: 01 Jun 2025

In May 2025, the Mumbai (Maharashtra)-based Finance Industry Development Council (FIDC), the apex representative body for Non-Banking Financial Companies (NBFCs) in India, appointed Raman Aggarwal as the Chief Executive Officer (CEO).

🎯 Key Highlights:

  • - Raman Aggarwal, in his new role as CEO, will lead FIDC’s efforts to strengthen the NBFC sector through focused policy representation, industry engagement, and collaborative platforms.
  • - A long-time board member and former head of FIDC’s Professional Development Committee, he has played a key role in shaping the council’s advocacy initiatives, professional growth strategies, and institutional partnerships.

💡 Other Important Facts:

  • (i) Raman Aggarwal has also held leadership positions such as Chairman of the National Council on NBFCs and was a member of the Managing Committee at the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
  • (ii) He has previously served as an Advisor at Shriram Transport Finance Limited, Independent Director at Paisalo Digital Limited, and Consultant with the World Bank and Nomura Research Institute Consulting & Solutions India Private Limited.
  • (iii) The Finance Industry Development Council (FIDC), registered with the Reserve Bank of India (RBI), was established in 2004.

📚 Test Your Knowledge:

Who was appointed as the Chief Executive Officer (CEO) of the Finance Industry Development Council (FIDC) in May 2025?

Correct Answer: Raman Aggarwal

🚀 Quick Recap: