Gurugram, 7 September, 2026 — True Credits has appointed former State Bank of India Deputy Managing Director Ms. Saloni Narayan as an Independent Director, bringing senior banking, risk and financial management experience to the Board as the digital lender scales its India business.
Ms. Narayan held several senior leadership roles at SBI across banking, financial management, risk, regulatory compliance and operations. Her experience includes capital management, financial reporting, audit, taxation and investor relations, as well as retail and MSME lending and digital banking.
Following the completion of her tenure at SBI in 2025, Ms. Narayan has taken on independent and advisory roles across the financial services sector.
The appointment comes as True Credits continues to expand its lending operations in India, with a focus on technology-led credit delivery and responsible lending.
"Saloni brings a combination of institutional banking experience, financial expertise and a strong understanding of risk and governance. Her perspective will be valuable as we scale our lending business while maintaining disciplined risk management and strong governance standards."
— Charlie Lee, Managing Director, True Credits
"I am pleased to join the Board of True Credits at an important stage in its growth. As technology reshapes access to financial services, I look forward to contributing to the Company's efforts to build a responsible, well-governed and sustainable lending business."
— Saloni Narayan, Independent Director, True Credits
About True Credits Private Limited
True Credits Private Limited is a Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC). It is a wholly-owned subsidiary of True Balance India Private Limited, operating under the 'True Balance' brand, the company is committed to expanding automated digital lending and driving financial inclusion across India.
About True Balance India Private Limited
True Balance is an AI-powered financial services platform operated by True Balance India Private Limited (formerly known as Balancehero India Private Limited). A unified hub for all financial needs, the True Balance platform provides a comprehensive suite of digital financial solutions focusing on democratizing credit for the underserved and underbanked populations across India.
Operating at the intersection of global technology standards and deep local market insights, the company utilizes advanced AI-backed proprietary credit-scoring to deliver seamless and responsible finance. This technology-first approach allows True Balance to effectively bridge the credit gap for the 'Next Billion' users seeking secure and dependable financial access.
The company operates under a robust regulatory framework, holding a Prepaid Payment Instrument (PPI) license and facilitating credit through its RBI-licensed subsidiary NBFC, True Credits Private Limited. Backed by marquee global institutions including SoftBank, Naver, and Line, True Balance operates an extensive pan-India network with deep penetration across every district in the country. Headquartered in Gurugram, the company is a key contributor to the Digital India and Viksit Bharat visions, serving as a trusted financial partner in the nation's journey toward financial empowerment.