Utkarsh, Esaf CEOs resign over RBI directive on shareholding norms
Mumbai: The chiefs of two small finance banks (SFBs) have stepped down following a central bank order citing their non-compliance with rules on holding shares in a company other than their own. The Reserve Bank of India (RBI) in May asked Govind Singh, managing director (MD) and chief executive officer (CEO) of Varanasi, Uttar Pradesh-based Utkarsh Small Finance Bank Ltd, and K.
Name: Govind Singh
Continent: Asia
Country: India
Company: Utkarsh Small Finance Bank Ltd
Branch: Bank
Position: CEO & Director
Reason: Resigned
Announcement Date: June 26, 2018, 10:00pm
Resignation Date: June 26, 2018, 10:00pm