Nachiket Mor is an Indian banker. He is currently National Director for

Bill and Melinda Gates Foundation The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was ...

. He is known for his inventions of financial devices to deliver banking service to villages and contribution in trying to solve India's

financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...

problem. He is also the Chairman of the board of directors of CARE India.

Early life and education

Mor was born into a farming family in Yavatmal,

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

. He has a bachelor's degree in Physics from

Mumbai University The University of Mumbai is a collegiate, state-owned, public research university in Mumbai. The University of Mumbai is one of the largest universities in the world. , the university had 711 affiliated colleges. Ratan Tata is the appointed ...

. He has a master's degree in Management from Indian Institute of Management Ahmedabad (IIM-A), where he was a classmate of

Raghuram Rajan Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Quote: "I am an Indian citizen. I have always b ...

. He also has a PhD in Economics from the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

, with a specialisation in Finance from the

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

Career

After completing his MBA, he joined a non-government organisation called Pradan, where he worked with

mushroom A mushroom or toadstool is the fleshy, spore-bearing fruiting body of a fungus, typically produced above ground, on soil, or on its food source. ''Toadstool'' generally denotes one poisonous to humans. The standard for the name "mushroom" is t ...

farmers. He was then recruited by

K.V. Kamath Kundapur Vaman Kamath is the former chief of the New Development Bank of BRICS countries, previously he has also served as the Chairman of Infosys Limited, the second-largest Indian IT services company, and as the Non-Executive Chairman of ICI ...

for

ICICI Bank ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...

in 1987. In mid-1990s, he left to do his PhD at

and returned. In late 2007, he left

to head the newly founded ICICI Foundation for Inclusive Growth to rural development. In May 2009, Intuit appointed Mor to its India advisory board. In September 2010, he left the foundation to work with an organisation called SughaVazhvu (

Tamil Tamil may refer to: * Tamils, an ethnic group native to India and some other parts of Asia ** Sri Lankan Tamils, Tamil people native to Sri Lanka also called ilankai tamils **Tamil Malaysians, Tamil people native to Malaysia * Tamil language, nati ...

for happy life), which works to provide better health care to villages. In May 2013, he was appointed as a director in the Central Board of the Reserve Bank of India (RBI) and its local board in the eastern area. In September 2013, Committee on Comprehensive Financial Services for Small Businesses and Low Income Households was formed which was headed by Nachiket Mor. In October 2013, he was included in the 4 member RBI panel led by

Bimal Jalan Bimal Jalan (born 17 August 1941) is a former Governor of Reserve Bank of India and was a nominated member of the Upper House of India's Parliament, the Rajya Sabha during 2003–2009. Education and career Jalan graduated from Presidency C ...

which examine applications for new bank licenses. In March 2016, he took over as head of the

's India country office, and served in that position until March 2019.

References

Nachiket Mor quits Gates Foundation India
{{DEFAULTSORT:Mor, Nachiket Living people Indian bankers Businesspeople from Mumbai Indian Institute of Management Ahmedabad alumni Year of birth missing (living people) Reserve Bank of India