Religare appoints Mr. A.C. Mahajan as an independent non-executive director

March 2, 2013 - PRLog -- New Delhi, 27th February, 2013 - Religare Enterprises Limited (REL), a leading diversified financial services group, is pleased to announce the appointment of former Canara Bank Chairman

AvinashChander Mahajan as an independent non-executive director on its board. Mr. Mahajan’s appointment will further add weight and credibility to Religare’s strong governance framework.

In his rich experience spanning over 3 decades in the banking industry, Mr. Mahajan was Chairman and Managing Director of Allahabad Bank between 2006 and 2008. He later became CMD of Canara Bank for two years in 2008. He also held the position of Executive Director in India’s second largest public sector bank Bank of Baroda. Mr Mahajan is currently Chairman of the Governing Council of Banking Codes and Standards Board of India. He also serves as an Independent Director on the boards of Hindustan Petroleum Corporation Limited, Management Development Institute, Himvati Power Company Limited, LancoBabanth Power Limited and IDBI MF Trustee Company Limited.

Commenting on Mr. Mahajan’s appointment, Mr. Sunil Godhwani, Chairman and Managing Director,

Religare Enterprises Limited said, “We welcome Mr. Mahajan to the Religare family. As a group we

look forward to his guidance on the integrated financial services portfolio of Religare given his deep

and incisive understanding of the banking industry in India”

About Religare Enterprises Limited

Religare Enterprises Limited (REL) is the holding company for one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, SME lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. Religare is also building businesses overseas with an emerging

markets focus. For more information, visit www.religare.com