Utkarsh Small Finance Bank Limited has informed the Exchange regarding Resignation of Mr. Mukesh Singh Verma as Chief Compliance Officer and Principal Officer of the Bank w.e.f. July 15, 2025.
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Mr. Mukesh Singh Verma has resigned from his position as Chief Compliance Officer and Principal Officer of Utkarsh Small Finance Bank, with his last working day being July 15, 2025, after serving a 90-day notice period. He cited personal family reasons and a desire to explore new growth opportunities within the BFSI sector. The resignation letter was originally dated April 16, 2025, indicating the 90-day notice period was served before the final exit. The bank has informed the exchanges of this change as required under SEBI Listing Regulations.
This is a routine KMP-level departure with personal reasons cited and no governance red flags. Shareholders should monitor whether the bank appoints a replacement promptly, as the CCO and Principal Officer roles are important for regulatory compliance, especially in a small finance bank.