Jana Small Finance Bank Limited has informed the Exchange regarding Resignation of Mr. Sudhir Madhavan as Other of the company w.e.f. April 30, 2025.
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Jana Small Finance Bank has informed exchanges about the resignation of Mr. Sudhir Madhavan from his position as Head of RFS (Retail Financial Services, covering Microfinance and Gold Loan Business). He is a Senior Management Personnel of the bank, stepping down effective end of business on April 30, 2025, to pursue an opportunity outside the bank. Mr. K.S. Raman, currently an Executive Director, will take over as ED & Head of RFS from May 1, 2025. The successor for Mr. K.S. Raman's current role as Head of Credit will be announced later. The resignation is amicable and follows a 6-year stint at the bank.
This is a routine senior management change with an internal successor already lined up, so the operational impact on the bank's RFS and microfinance business is expected to be minimal. For shareholders, this is a neutral development with no direct effect on financials or stock price.