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Karthikeyan Manickam is the New Chairman of ESAF Small Finance Bank
Posted On : 2026-01-02 23:09:49( TIMEZONE : IST )
ESAF Small Finance Bank has appointed Mr. Karthikeyan Manickam as the Chairman of the Bank. He is a former Executive Director of Bank of India and brings with him over 36 years of rich experience in public sector banking.
Mr. Karthikeyan possesses deep expertise across key areas, including banking operations, risk management, regulatory compliance, human resources management, credit monitoring and recovery, financial inclusion, and customer-centric banking. His appointment is expected to further strengthen ESAF Bank's corporate governance framework, enhance strategic oversight, and reinforce long-term institutional resilience, while also adding value to the Bank's pursuit of excellence in customer service.
As Chairman, Mr. Karthikeyan will provide strategic guidance and independent oversight to the Board, supporting the Bank's continued focus on inclusive banking, improving asset quality, regulatory compliance, sustainable growth, and consistently high standards of customer service, thereby reinforcing stakeholder confidence in an increasingly dynamic financial environment.
During his tenure as Executive Director at Bank of India, Mr. Karthikeyan was part of the top management team and played a pivotal role in shaping policies and strategies across multiple portfolios, including risk management, inspection and audit, stressed asset resolution, retail banking, agriculture and MSME financing, government business, CSR, marketing, and financial inclusion.
Earlier in his career, he held several senior leadership positions at Indian Bank. He has also served on the boards of Tamil Nadu Grama Bank and BOI STAR Investment Managers Pvt. Ltd., and was the Chairman of Star Union Dai-ichi Life Insurance Company Limited (SUD Life).
Shares of ESAF Small Finance Bank Limited was last trading in BSE at Rs. 26.76 as compared to the previous close of Rs. 27.12. The total number of shares traded during the day was 32350 in over 286 trades.
The stock hit an intraday high of Rs. 27.50 and intraday low of 26.56. The net turnover during the day was Rs. 876081.00.
