AU Small Finance Bank (SFB) has appointed Reserve Bank of India’s (RBI) former Deputy Governor HR Khan as part-time Chairman.
In an exchange notification, the bank said that Raj Vikash Verma has completed his tenure as part-time Chairman and Independent Director of the bank on 29th January, 2024 and will cease to be part-time Chairman and Independent Director of the bank
According to a statement by AU Small Finance Bank, Harun Rasid (HR) Khan, Independent Director (Non-Executive) shall assume the position of part-time Chairman of the Bank with effect from 30th January, 2024 till completion of his first tenure as Independent Director of the Bank i.e. 27th December, 2024.
Khan is a former Deputy Governor and the Executive Director at the RBI. During his stint there, he chaired the committee on rural credit and microfinance, which focused on expansion of banking network through the Information and Communications Technology (ICT)-enabled business correspondents. He was also a member of the committees on digital payments set up by the government and the RBI.
