ESAF Small Finance Bank Appoints Two Non-Executive Directors and Two Senior Management Personnel
ESAF Small Finance Bank appointed Shri. Ashok Tukaram Dhamankar and Shri. Hari Velloor as Non-Executive Directors for three-year terms. The bank also appointed Shri. G Narasimha Murthy as Chief Risk Officer from August 1, 2026, and Shri. Poulose Bharanikulangara as Head – Internal Audit from July 1, 2026, both for three-year terms.
The appointment of key personnel in directorship and senior management roles can have a significant impact on the bank's strategic direction and operations.
The appointment of new directors and senior management personnel is generally viewed positively as it indicates growth and strengthening of the bank's leadership.
ESAF Small Finance Bank Limited announced the outcome of its Board Meeting held on June 04, 2026.
The Board approved the appointment of Shri. Ashok Tukaram Dhamankar as a Non-Executive Independent Director for a period of three consecutive years, subject to shareholder approval. Shri. Dhamankar is a seasoned finance and fintech professional with extensive experience in investment banking, sustainable finance, and agri-value chains.
Additionally, Shri. Hari Velloor was appointed as a Non-Executive Director for a term of three consecutive years, also subject to shareholder approval. Shri. Velloor is a seasoned banking professional with over three decades of experience across various banking sectors.
The Board also approved the appointment of Shri. G Narasimha Murthy as Chief Risk Officer, a Senior Management Personnel, for a period of three years, effective August 01, 2026. He succeeds Shri. Wilson Cyriac, whose employment contract concludes on July 31, 2026. Shri. Murthy is a Chartered Accountant with deep expertise in credit risk, market risk, operational risk, and audit.
Furthermore, Shri. Poulose Bharanikulangara has been appointed as Head – Internal Audit, a Senior Management Personnel, for a period of three years, effective July 01, 2026. He replaces Shri. Sivakumar P, whose employment contract ends on June 30, 2026. Shri. Bharanikulangara brings over 35 years of banking experience with Bank of Baroda.
The Board Meeting commenced at 09:30 AM and concluded at 01:00 PM.
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ESAF Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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