Raman Aggarwal has officially taken charge as the Chief Executive Officer (CEO) of the Finance Industry Development Council (FIDC), marking a significant leadership transition for the apex body representing non-banking financial companies (NBFCs) in India. The appointment has been widely reported across major financial news platforms and industry forums, underlining its importance for the NBFC sector.
Aggarwal’s association with FIDC is both deep and longstanding. He has served on the Board of Directors since the council’s inception and played a pivotal role as the director of the Professional Development Committee, where he contributed to the council’s policy direction, advocacy efforts, and professional standards. With more than three decades of experience in the financial services industry, Aggarwal’s career began in engineering and urban planning at the Delhi Development Authority before he transitioned to finance, holding senior roles in several leading NBFCs.
The Finance Industry Development Council (FIDC) is an RBI-registered representative body for asset and loan financing NBFCs in India. Established nearly two decades ago, FIDC has become the recognised voice of the NBFC sector, engaging regularly with the Reserve Bank of India and the Government of India on regulatory, policy, and sectoral issues. The council’s mission is to ensure the sustainable growth and development of NBFCs, which play a crucial role in financial inclusion, credit delivery, and the overall economic landscape of the country. FIDC’s membership spans both large and small NBFCs, making it a vital platform for industry collaboration and advocacy.
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As CEO, Raman Aggarwal is set to lead FIDC’s efforts in advocating for favorable regulatory frameworks, fostering dialogue among stakeholders, and ensuring that NBFCs continue to contribute meaningfully to India’s financial ecosystem. His appointment signals a renewed commitment to the council’s mission and the ongoing advancement of the NBFC sector in India
