Mr. Alok Prasad is a veteran banker with over 35 years of regulatory/banking/financial services experience. He is regarded as an expert and ‘go- to ‘person for financial inclusion and more broadly, access to finance matters. Currently, he is connected with a number of Banks/NBFCs as an Adviser/Mentor/Board Member.
Mr. Alok Prasad is currently working in a consulting and advisory capacity in the financial service space. He is also providing Board level support and mentorship to a number of other financial institutions-MFIs/Small Finance Banks/NBFCs/HFCs.
From 2010-15, Mr. Prasad was the Chief Executive Officer of Microfinance Institutions Network(MFIN),the premier industry body and Self-Regulatory Organisation(SRO) for Micro finance institutions (MFIs) in India. Prior to that, he held senior positions in institutions such as the Reserve Bank of India (RBI), National Housing Bank (NHB) and Citibank. As the CEO of MFIN, Mr. Prasad steered the industry through its crisis phase (2010-13) and worked closely with the Reserve Bank of India (RBI) and the Government of India, Ministry of Finance, for development of a supportive policy framework for the industry.
The subsequent mainstreaming of MFIs and their integration into the national financial architecture was an outcome of the advocacy work and constructive policy level engagement by MFIN under his leadership. As an industry expert, Mr. Prasad has served on a number of committees of the Ministry of Finance, Govt. of India. Passionate about financial inclusion, Mr. Prasad has been often interviewed and quoted by the media, including national and international newspaper. From 2013-15, Mr. Prasad also served as the Chairperson of South Asia Micro-entrepreneur Network (SAMN).