Please find attached herewith the intimation regarding approval of RBI for the re-appointment of Part-Time Chairman of the Bank.
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Suryoday Small Finance Bank has received RBI approval for the re-appointment of Mr. Krishna Prasad Nair as Non-Executive Part-time Chairman for a period of 3 years from July 22, 2026 to July 21, 2029. Mr. Nair, currently an Independent Director on the Board, has been associated with the Bank since July 2021. He is a veteran banker with over 38 years of experience, having served at Indian Overseas Bank and IDBI Bank in various senior roles including Executive Director and Deputy Managing Director. The Board of Directors took note of this RBI approval on May 12, 2026. Mr. Nair is not related to any other Director on the Board and does not hold any shares in the Bank.
This is a routine governance update confirming continuity in leadership. The re-appointment of an experienced banker as Part-time Chairman with full RBI approval is a positive signal for corporate governance stability, particularly for a small finance bank operating under strict regulatory oversight.