ESAF Small Finance Bank Limited has informed the Exchange regarding Outcome of the Board Meeting held on August 14, 2025
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ESAF Small Finance Bank's board has recommended the appointment of Shri. Karthikeyan M (DIN: 09450145) as the new Part-Time Chairman and Non-Executive Independent Director for a three-year term effective December 21, 2025. The appointment is subject to approval from the RBI and the bank's shareholders. This follows the retirement of the current Part-Time Chairman, Shri. Ravimohan Periyakavil Ramakrishnan, with effect from close of business hours on December 20, 2025. Karthikeyan M brings over 36 years of banking experience, including a four-year stint as Executive Director of Bank of India (March 2021 to March 2025) and senior roles at Indian Bank spanning HR, risk, compliance, retail, agriculture, and MSME financing. He is not related to any existing directors or key managerial personnel of the bank.
This is a routine leadership transition at the board level with no disruption to daily operations, as the new Chairman is a seasoned public-sector banker. The change is unlikely to have a material impact on the stock price, though shareholders will need to approve the appointment in due course.