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Esaf Small Finance Bank Ltd CEO & Director K. Paul Thomas Resigned

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: K. Paul Thomas

Continent: Asia

Country: India

Company: Esaf 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

Source 1: https://www.livemint.com/Companies/djsywLl3LmvAj90wpBXz4M/UtkarshEsaf-CEOs-resign-over-RBIdirective-onshareholding.html


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