AU Small Finance Bank reappoints RV Verma as Chairman

11 Oct 2022 , 02:27 PM

AU Small Finance Bank has announced that the Board of Directors of the Bank at its meeting held on October 10, 2022, inter alia, considered and approved the re-appointment of Raj Vikash Verma as the Part-time Chairman of the Bank, with effect from April 08, 2023 till January 29, 2024 (i.e. till completion of his tenure as Independent Director on the Board of the Bank)

Raj Vikash Verma joined the Board of Directors of the Bank as Independent Director (Non-Executive) on January 30, 2018 and took charge as Part-time Chairman of Bank on April 08, 2020 post receipt of approval from RBI

RajVikash Verma is also a Certified Associate of the Indian Institute of Bankers (CAIIB). He took charge as Part-time Chairman of the Bank on April 08, 2020 post receipt of approval from RBI.

Raj Vikash Verma has held several leadership positions during his illustrious career in the Financial Services sector including many top management and Board positions, viz. Chairman and Managing Director (CMD) of National Housing Bank (NHB), Whole Time Director and Chairman of CERSAI, Non-Executive Director/Chairman of the India Mortgage Guarantee Corporation and Whole Time Member & Officiating Chairman of Pension Fund Regulatory and Development Authority (PFRDA).

At around 2:12 PM, AU Small Finance Bank Ltd is currently trading at Rs582 per share down by Rs5.75 or 0.98% from its previous closing of Rs587.75 per share on the BSE.

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