North East Small Finance Bank (NESFB) has announced the appointment of Shrimohan Yadav as an independent director to its board.
Yadav has 36 years of experience in the banking sector, including 29 years at the Reserve Bank of India (RBI). During his tenure at the RBI, Yadav contributed in various capacities, including as the chief general manager of the department of regulation. His expertise spans across areas such as supervision, regulation, rural development, financial inclusion and human resources management.
Talking about the appointment, Satish Kumar Kalra, interim MD and CEO, NESFB, said, “Our continuous endeavour is to fortify the bank’s leadership with an emphasis on exceptional governance and diligent oversight. The addition of Yadav as an independent director to the NESFB board is a strategic move in this direction. His experience in banking is an invaluable asset that will undoubtedly serve as a guiding force for the bank’s sustainable growth and effective corporate governance practices.”
Prior to his RBI tenure, Yadav has worked for seven years with a large public sector bank, focusing on credit and financing.
Moreover, Yadav’s appointment to the NESFB board is a step towards strengthening the bank’s leadership further. His experience and understanding of the banking and financial sector are an asset to NESFB as it continues to grow and serve its customers.
“Throughout my career, I have been privileged to be associated with numerous groundbreaking initiatives in both public and private sectors. The bank is uniquely positioned to drive significant transformation in grassroots banking, focusing on advancing financial inclusion and access. With its upcoming merger with slice, NESFB is set to establish a distinctly inclusive and innovative digital presence. I am honoured to contribute to this endeavour and be part of NESFB’s journey to forge a path of innovation and excellence in the banking sector,” Yadav added.