Former RBI Dy Governor HR Khan Reappointed as Chairman of AU Small Finance Bank

The Board of Directors of AU Small Finance Bank Limited, on August 17, 2024, has considered and approved the reappointment of Harun Rasid Khan as part-time Chairman and Independent Director (Non-Executive) with effect from December 28, 2024, for a term of 3 years. Subject to the approval of shareholders and the Reserve Bank of India (RBI).

Deepak Jain, currently serving as Chief Risk Officer (CRO) of the bank, whose current term of 3 years as CRO is getting over on August 31, 2024, has been reappointed for 2 years w.e.f. September 1, 2024. Vinay Vaish, currently serving as Head of Internal Audit (HIA) of the Bank and whose current term of 3 years will be completed on October 6, 2024, has been reappointed as HIA for a further 2 years w.e.f. October 7, 2024.

Harun Rasid Khan joined the Board of Directors of the Bank as an Independent Director (Non-Executive) on December 28, 2021, and took charge as part-time Chairman of the bank on January 30, 2024. He is a Certified Associate of the Indian Institute of Banking and Finance. He has over four decades of experience and has handled leadership positions as the Deputy Governor and the Executive Director at the Reserve Bank of India. He spent over 38 years with the RBI. He was a member of the Committees on Digital Payments set up by the Government of India and the RBI. He chaired the Corporate Bond and Securitisation Advisory Committee (CoBoSAC) of SEBI. Currently, he is a member of the Standing Committee on FPIs of the SEBI. He was also the Director on the Boards of Bandhan Bank Ltd., Dena Bank, Bank of Maharashtra, Punjab & Sind Bank, Bank of Rajasthan, NABARD, the National Housing Board, Reserve Bank Information Technology Pvt. Ltd., and the Orissa State Finance Corporation.