Equitas Small Finance Bank Ltd appoints two Executive Directors

The Board of Directors of Equitas Small Finance Bank Limited at its Meeting held on May 04, 2022 had considered and approved the proposal for appointment of Mr Murali Vaidyanathan (DIN - 09594986) and Mr Rohit Phadke (DIN - 07293524) as Whole-time Directors of the Bank designated as Executive Directors, subject to the approval of the Reserve Bank of India and the shareholders of the Bank.

Murali Vaidyanathan, is the Head - Liabilities, Wealth Management, Digital Banking and Marketing, of the Bank. He holds a bachelor's degree in engineering from the University of Madras and a post graduate diploma (distance education) in business administration from the School of Communication and Management Studies. He has completed a certificate program on 'Artificial Intelligence- Strategies for Leading Business Transformation' from the Northwest University. He has participated in the 'Programme on Enhancing Sales Force Performance' from the Indian Institute of Management, Ahmedabad and the 'General Management Programme for Kotak Mahindra Bank Limited' conducted by Indian Institute of Management, Ahmedabad. Prior to joining our Bank, he has worked with Kotak Mahindra Bank Limited, Citigroup Inc. and ICICI Bank Limited. He joined our Bank in December 2019 as head - branch banking and was appointed as the president and country head - branch banking, liabilities, product and wealth on January 2, 2020.

Rohit Phadke, is the Head - Assets of the Bank. He is a Business leader with over 29 years' experience in the Financial Services industry in Vehicle finance and Mortgage. Prior to joining Equitas, he was with Cholamandalam Investment & Finance Co. Ltd as Business Head - Home Loans. Post completion of his MBA from Pune University, he worked with Apple Finance Limited before joining Cholamandalam. In his 18 years stint with Chola, he held various positions. He initiated and set up two large and profit making businesses for the Murugappa Group - LAP and Home Loans that deliver a PBT of ~ 400 crores.

Shares of Equitas Small Finance Bank Limited was last trading in BSE at Rs. 52.05 as compared to the previous close of Rs. 53.50. The total number of shares traded during the day was 74829 in over 672 trades.

The stock hit an intraday high of Rs. 54.90 and intraday low of 51.60. The net turnover during the day was Rs. 3982656.00.

Source : Equity Bulls

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EquitasSmallFinanceBank INE063P01018 EQUITASBNK Appointment ExecutiveDirectors