KKR India Financial Services CEO B V Krishnan steps down

KKR India's recent loans have not done well, which is reflected in the spike in non-performing assets (NPAs)

The Chief Executive Officer (CEO) of KKR India’s non-banking financial company (NBFC), B V Krishnan (pictured), has stepped down citing personal reasons. KKR India’s CEO Sanjay Nayar will now take over the reins of KKR India Financial Services.

A KKR India spokesperson confirmed that Krishnan was moving on from the firm. “KKR remains committed to the Indian market for the long term, and we continue to recognise the important role KKR India Financial Services (KIFS) plays in supporting the local economy. 

Through KIFS, we will continue to provide the necessary capital to the home-grown businesses that have difficulty accessing flexible credit,” the