New Delhi, (IANS) Microfinance Institutions Network on Monday announced R. Baskar Babu, chief executive of Suryoday Micro Finance, is its new Board president following retirement of Manoj Nambiar of Arohan.

The Board also elected Rakesh Dubey, chief executive of SVCL Creditline Pvt Ltd, as its new vice president.

“MFIN will continue to strive in bringing about a focused and sustained efforts among players in the financial inclusion space in strengthening the sector to positively impact our clients, our primary stakeholders,” Babu said in a statement following his appointment.