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India Infoline Finance names independent director

India Infoline Finance Ltd. appointed Shubhalakshmi Panse an independent director on its board, effective May 31.

Panse is a former chairperson and managing director at Allahabad Bank, the company said in a June 1 filing. She has also been an executive director at Vijaya Bank.

India Infoline Finance is a unit of IIFL Holdings Ltd.