We hereby inform that consequent to the untimely and sudden demise of Late Shri Vimal Jain, Chief Financial Officer of AU Small Finance Bank ( the Bank ) as intimated vide our letter dated September 10, 2025, the Board of Directors of the Bank at its meeting held today i.e. September 26, 2025, considered and appointed Mr. Gaurav Jain as Interim Chief Financial Officer and Key Managerial Personnel of the Bank, with effect from Friday, September 26, 2025, till further update in this regard. Mr. Gaurav Jain, a rank holder Chartered Accountant and MBA graduate from the Kellogg School of Management, has over 23 years of expertise in banking and financial services. He currently holds the position of President - Finance & Strategy and is associated with Bank since January 2021.
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AU Small Finance Bank has appointed Mr. Gaurav Jain as the Interim Chief Financial Officer and Key Managerial Personnel, effective September 26, 2025. This follows the sudden and untimely demise of the previous CFO, Late Shri Vimal Jain, which was disclosed on September 10, 2025. Mr. Gaurav Jain is an internal appointee, currently serving as President – Finance & Strategy at the bank since January 2021. He is a rank-holding Chartered Accountant and an MBA from the Kellogg School of Management, with over 23 years of experience across banking and financial services, including stints at Morgan Stanley, Lloyds Banking Group, and Tech Mahindra. The appointment is interim in nature and will remain in place until further update from the Board.
The appointment of an internal and experienced candidate as interim CFO provides continuity in financial leadership and should reassure investors. However, the loss of the previous CFO is a sensitive governance event, and shareholders will look for a permanent appointment in due course.