Former Reserve Bank of India deputy joins KKR

Anand Sinha, the former RBI deputy governor, has been appointed industry advisor to the firm.

KKR has appointed Anand Sinha, former deputy governor of the Reserve Bank of India, as an industry advisor to the firm, effectively immediately, KKR announced.

“We are privileged to have Mr. Sinha supporting our investments and helping us build out our multiple asset class platforms in India. His valuable experience will further enhance KKR's ability to provide long-term debt and equity capital to Indian companies, helping them to scale their businesses while being mindful of risk management and regulatory requirements,” Sanjay Nayar, member and chief executive of KKR India, said in a statement.

Sinha was deputy governor of the RBI between January 2011 and January 2014. During his tenure, he was in charge of regulation of commercial banks and non-banking financial companies.

In all, Sinha spent 37 years at the RBI. He was involved in the development of major regulatory and supervisory policies for commercial banks and banking sector reforms in India.

“KKR is a premier global investment firm and I am honored to have the opportunity to work with KKR's outstanding leadership team. I very much look forward to working with KKR on investment opportunities in India,” said Sinha.

In January 2015, KKR partnered with Singapore’s sovereign wealth fund GIC on an Indian real estate lending platform, its second NBFC, to provide structured credit solutions.

KKR’s first NBFC was set up in 2009 allowing the New York-based firm to extend more than $2 billion of structured financing to 21 business groups in India.