Financial Technologies Ltd (FTIL) today appointed T C Nair as independent director on the board of the company.
"T C Nair has been appointed as additional director (non- executive & independent) on the board of the company," FTIL said in a filing to the BSE.
Nair is a former whole-time member of SEBI and was also managing director at Bharatiya Reserve Bank Note Mudran Ltd.
FTIL is in news as its subsidiary firm NSEL is in deep payment crisis of about Rs 5,500 crore with the close down of its operation due to violation of certain norms.
Shares of the FTIL closed down by 7.18% at Rs 184.9 apiece on the BSE today.
