PH Ravikumar is Managing Director of Money Matters

MUMBAI: PH Ravikumar, a veteran in theIndian banking and finance industry, has been appointed the new Managing Directorof Money Matters Financial ServicesBSE 0.59 %. 

Ravikumar has already assumed charge as Managing Director of Money Matters, the leading non-banking finance company said in a statement here today. 

He holds more than four decades of experience across areas of retail, corporate and treasury banking in India and abroad, it said. 

His operational grounding was with 
Bank of India for over two decades. He was part of the core team that set up ICICI BankBSE -0.44 %. He also played a pivotal role in conceptualising and establishing National Commodities & Derivatives Exchange ( NCDEX), India's first commodity exchange, the statement said. 

Under Ravikumar's leadership, Money Matters looks to build gradually a distribution set up in eight to 10 chosen states. The NBFC's intent is to emerge as the first choice for small enterprises, it added.