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India Factoring & Finance Solutions Private Ltd (India Factoring), a joint venture of the State-owned Punjab National Bank (PNB) along with Malta-based FIM Bank Group, Italy-based Banca IFIS and Blend Financial Services Ltd, Mumbai, has appointed Mr R.S. Reddy as Independent Director on the board of the company.
Prior to this appointment, Mr Reddy was Chairman and Managing Director at Andhra Bank. India Factoring had recently started operations in Hyderabad.
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