Equitas Small Finance Bank Limited has informed the Exchange regarding a press release dated November 05, 2025, titled "Equitas Small Finance Bank Limited appoints Mr. Manish Agrawal as President Finance".
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Equitas Small Finance Bank has appointed Mr. Manish Agrawal as its new President – Finance, effective November 5, 2025. Mr. Agrawal is a Chartered Accountant with over 27 years of post-qualification experience, including two decades in the banking sector. He previously served as Head of Bank Finance Function (Bank & Consolidated Group) at Kotak Mahindra Bank, and has prior stints at ING Vysya Bank and PwC. His expertise spans financial reporting, regulatory reporting, budgeting, financial controls, and IT initiatives at both standalone and group levels. He will focus on strengthening the bank's financial stewardship, governance, reporting, and supporting its digital transformation agenda. MD & CEO Vasudevan P N welcomed the appointment, calling it a strategic addition to support the bank's growth and customer-centric banking vision.
This is a senior leadership addition that reinforces Equitas SFB's finance and digital transformation capabilities. For shareholders, it is a positive governance signal, bringing in a seasoned banking-finance professional from a top private bank, though it carries no immediate material effect on financials or stock price.