Ex-RBI Dy Gov to join AU Small Finance Bank board

Mumbai: HR Khan, former Deputy Governor of Reserve Bank of India (RBI), will be joining the Board of AU Small Finance Bank.

While announcing the appointment, Sanjay Agarwal, MD and CEO, AU Small Finance Bank, said: "We are really honoured to welcome Mr. Khan to the Bank's Board of Directors and are grateful for his consent to join the Board. The Bank would immensely benefit from his vast and diverse experience across the financial services ecosystem as we chart out the Bank's next phase of growth. He will bring a fresh perspective to the deliberations and the Board is looking forward to working with him closely. The appointment is part of the Bank's endeavour to strengthen the Board and its independence."

Speaking on his appointment, Raj Vikash Verma, chairman of the Board, AU Small Finance Bank, said: "With his strong regulatory background and vast experience of nearly four decades as a career central banker, Khan's addition to the Board is a welcome decision. As the Bank continues to expand its balance sheet, his joining the Board will help in further strengthening the governance ecosystem of the Bank as he brings with him rich and valuable experience across the financial system."