Ex-RBI Executive Ajay Kumar Choudhary Joins Bajaj Housing Finance Board
Mumbai: Bajaj Housing Finance Limited on Monday announced the appointment of Shri Ajay Kumar Choudhary, former Executive Director of the Reserve Bank of India (RBI), as an Additional Director (Independent) on its Board.
The appointment was approved by the Board of Directors at its meeting held on February 2, 2026, based on the recommendation of the Nomination and Remuneration Committee. Shri Choudhary’s appointment will be effective from March 1, 2026, for a term of five consecutive years, subject to shareholders’ approval.
Seasoned Banking & FinTech Expert Joins the Board
According to the company’s regulatory filing, Shri Choudhary (DIN: 09498080) is not debarred from holding the office of director by SEBI or any other authority and is not disqualified under applicable laws. He will not be liable to retire by rotation and has no relationship with any other director of the company.
Shri Ajay Kumar Choudhary brings with him over three decades of experience at the RBI, where he served in several key leadership roles before retiring as Executive Director in October 2023. His areas of expertise include banking regulation and supervision, fintech, payments and settlement systems, currency management, and risk monitoring.
Key Role in India’s Digital Finance Ecosystem
During his tenure at the RBI, Shri Choudhary played a pivotal role in several landmark initiatives, including:
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Implementation of Central Bank Digital Currency (CBDC)
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Regulatory framework for crypto assets
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FinTech regulatory sandboxes and TechSprints
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Establishment of the RBI Innovation Hub
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Development of the Unified Lending Interface (ULI) platform
He also represented the RBI in various international regulatory forums, led India’s Regulatory Consistency Assessment Program (RCAP) under the Basel Committee on Banking Supervision, and served as Director of Supervision at the Bank of Mauritius.
Current Board Roles
At present, Shri Choudhary serves as the Non-Executive Chairman and Independent Director of the National Payments Corporation of India (NPCI) and its subsidiaries. He also holds independent directorships on the boards of several other entities and acts as a senior advisor to multiple firms.