Utkarsh Small Finance Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
UTKARSHBNK · price
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Mr. Parveen Kumar Gupta has stepped down as Part-time Non-executive Chairman of Utkarsh Small Finance Bank effective July 1, 2025, but will continue to serve on the Board as an Independent Director. In his place, Dr. Kshatrapati Shivaji, a retired IAS officer with 35 years of experience, has been appointed as Part Time Chairman for 3 years (till June 30, 2028) and as Additional Independent Director for 5 years (till June 30, 2030), with RBI approval. Dr. Shivaji previously held senior roles including CMD of SIDBI, MD of Kerala Financial Corporation, and Dean/Executive Director at ADB. The change is a planned leadership transition at the top of the Board, not a sudden exit.
This is a smooth, planned leadership transition with continuity — the outgoing Chairman stays on as Independent Director, and the incoming Chairman brings strong regulatory and financial sector experience, including prior leadership of SIDBI. No material negative signal for shareholders.