ESAF Small Finance Bank has received RBI approval for the re-appointment of K Paul Thomas as Managing Director & CEO for another three years.
New Delhi, Jul 17 (PTI) ESAF Small Finance Bank on Wednesday said it has received the Reserve Bank of India's (RBI's) nod for re-appointment of K Paul Thomas as its Managing Director & CEO for another three years.
This approval was communicated via the RBI's letter dated May 16, 2024, granted under the Banking Regulation Act, 1949, the bank said in a statement.
The bank will seek approval of the shareholders for the said re-appointment within the prescribed period, it said.
Additionally, Paul Thomas is the Chairman of the Board of Sa-Dhan, the association of microfinance and impact finance institutions, it added.
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