Utkarsh Small Finance Bank Limited has informed the Exchange regarding Appointment of Mr. Ritesh Kumar as Chief Compliance Officer of the Bank w.e.f. December 31, 2025.
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Utkarsh Small Finance Bank has appointed Mr. Ritesh Kumar as its Chief Compliance Officer (CCO) effective December 31, 2025, for a three-year term. The appointment was approved by the Board via circular resolution, based on recommendations from the Audit Committee and the Nomination and Remuneration Committee, and complies with RBI's compliance function guidelines. Mr. Kumar brings over 25 years of banking experience, having previously served as Deputy Chief Compliance Officer at DCB Bank, and has held risk and compliance roles at IDBI Bank, Doha Bank, and Canara Bank. The current Company Secretary, Muthiah Ganapathy, will continue to handle company secretarial compliance separately.
This is a routine KMP-level appointment that strengthens the bank's compliance leadership. For shareholders, it signals continued focus on regulatory compliance under RBI norms, with no material impact expected on stock price.