Utkarsh SFB Appoints Ms. Chatterjee as Head - Internal Audit, Reappoints Mr. Kapur
Utkarsh Small Finance Bank appointed Ms. Suchita Chatterjee as permanent Head – Internal Audit from December 13, 2025. The bank also re-appointed Mr. Ajay Kumar Kapur as an Independent Director for a second term from March 02, 2026, to March 01, 2029, pending shareholder approval.
The appointment of an internal audit head and the re-appointment of an independent director are standard corporate governance practices and are unlikely to have a significant immediate impact on the bank's financial performance or stock price.
The announcement details routine management appointments and re-appointments, which are standard corporate actions and do not inherently signal positive or negative performance.
Utkarsh Small Finance Bank Limited announced key appointments and re-appointments following its Board of Directors meeting held on December 13, 2025.
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Ms. Suchita Chatterjee as the permanent Head – Internal Audit. Ms. Chatterjee, who was previously the Interim Head – Internal Audit, assumes this role effective December 13, 2025, becoming part of the Bank's Senior Management.
Furthermore, the Board approved the re-appointment of Mr. Ajay Kumar Kapur as an Independent Director for a second consecutive term of three years. This re-appointment is scheduled from March 02, 2026, to March 01, 2029, and is subject to shareholder approval. Mr. Kapur has confirmed he is not debarred from holding a director's office by any SEBI order or other authority and is not disqualified under the Companies Act, 2013.
Ms. Chatterjee brings over 20 years of experience in audit functions with various banking and microfinance institutions. Mr. Kapur, an engineering graduate, has prior experience with several financial institutions and is currently an advisor to the United Nations Industrial Development Organization.
The Board meeting commenced at 10:00 a.m. (IST) and concluded at 07:15 p.m. (IST).
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Utkarsh Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Utkarsh Small Finance Bank Limited. Read the original for the full detail.