Ajay Desai is Senior President and Chief Financial Inclusion Officer at YES BANK and is a key leader of Food & Agribusiness Research Management (FARM) vertical of the bank. He oversees Inclusive & Social Banking (ISB) & Microfinance Institutions Group (MFIG) teams. At ISB, he spearheads the financial inclusion initiatives including implementation of Financial Inclusion Plan as mandated by RBI. He is one of the key architects of “Frugal Innovations for Financial Inclusion (FI4FI)” approach of the bank, which has received several awards and accolades at national and global level. He has been a key contributor to several frugal innovation like YES Sahaj (Micro-ATM device), YES Money (Domestic Remittance Service) & YES LEAP (SHG Bank Linkage program).
Earlier as Country Head, Agribusiness Rural & Social Banking at YES BANK, he had spearheaded the Rural and Agribusiness lending of the Bank. He was instrumental in developing several structured financing deals to ensure Bank’s outreach to farmers, despite constrain of limited rural branch network.
Prior to joining YES BANK, he was a Chief Manager with Rural Micro-Banking & Agribusiness Group of ICICI Bank. He was instrumental in developing special lending program for rural cooperatives and developing new micro finance partnerships with small NGOs.
Prior to joining the Banking sector, he was working as a consultant to various developmental organizations like CARE India, BASIX, IDE –India & Indian Grameen Services.
Ajay holds PGDRM from Institute of Rural Management, Anand and Masters Degree in Agriculture from Konkan Krishi Vidyapeeth, Dapoli, Maharashtra. He has over 16 years of experience in various capacities across Rural Development and Banking Sector in India.