Nachiket Mor
Nachiket Mor | |
|---|---|
| Born | Yavatmal, Maharashtra, India |
| Occupation | Banking professional |
| Years active | 1987–present |
| Known for | Financial inclusion in India, former National Director of the Bill and Melinda Gates Foundation in India |
Nachiket Mor is an Indian banking professional and the former National Director for the Bill and Melinda Gates Foundation in India. He is noted for creating financial instruments aimed at expanding banking access in rural regions, tackling the issue of financial inclusion within India.
Mor holds the position of Chairman on the board of directors at CARE India.
Early life and education
Originating from a farming background in Yavatmal, Maharashtra, Mor earned a bachelor's degree in Physics from Mumbai University. He pursued a master's degree in Management at the Indian Institute of Management Ahmedabad (IIM-A), where he was a contemporary of Raghuram Rajan. Subsequently, he completed his doctoral studies in Economics with a focus on Finance at the Wharton School of the University of Pennsylvania.
Career
Following his MBA, Mor began his career with the NGO Pradan, engaging with mushroom cultivators. In 1987, K.V. Kamath brought him into ICICI Bank. During the mid-1990s, he departed to undertake PhD research at Wharton before returning to ICICI.
By late 2007, Mor transitioned from ICICI Bank to lead the newly established ICICI Foundation for Inclusive Growth, which concentrates on rural advancement initiatives. In May 2009, he joined Intuit’s advisory board for India. By September 2010, he shifted to SughaVazhvu, an organization dedicated to enhancing healthcare services in rural communities.
In May 2013, Mor was appointed as a director on the Central Board of the Reserve Bank of India (RBI) and also served on its eastern local board. That September, he chaired the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households. The next month, he became part of a four-member RBI committee led by Bimal Jalan tasked with reviewing applications for new bank licenses.
In March 2016, Mor assumed leadership of the Bill and Melinda Gates Foundation’s country office in India, a role he fulfilled until March 2019.