ESAF SFB gets RBI nod for re-appointment of K Paul Thomas as MD & CEO

This approval was communicated via the RBI's letter dated May 16, 2024, granted under the Banking Regulation Act, 1949, the bank said in a statement.

ESAF SFB gets RBI nod for re-appointment of K Paul Thomas as MD & CEO
K Paul Thomas as Managing Director and CEO, image credit: X

ESAF Small Finance Bank on Wednesday said it has received the Reserve Bank of India's (RBI's) nod for re-appointment of K Paul Thomas as its Managing Director & CEO for another three years.

This approval was communicated via the RBI's letter dated May 16, 2024, granted under the Banking Regulation Act, 1949, the bank said in a statement.

The bank will seek approval of the shareholders for the said re-appointment within the prescribed period, it said.

Additionally, Paul Thomas is the Chairman of the Board of Sa-Dhan, the association of microfinance and impact finance institutions, it added.

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Written By: PTI
Updated: Wed, Jul 17, 2024
07:31 PM IST
PTI
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