GUWAHATI: North East Small Finance Bank (NESFB) has appointed Shrimohan Yadav, a distinguished banking professional with a robust 36-year track record, as an independent director to its Board.
Yadav, renowned for his extensive experience, particularly his 29-year tenure at the Reserve Bank of India (RBI), adds a wealth of knowledge and strategic insight to NESFB.
Commenting on the addition, Satish Kumar Kalra, interim MD & CEO of NESFB, highlighted the bank’s commitment to reinforce governance and oversight.
“The addition of Yadav is a strategic move in this direction. His extensive and unparalleled experience in banking is an invaluable asset that will undoubtedly serve as a guiding force for the bank’s sustainable growth and effective corporate governance practices,” he said, through a statement issued on Wednesday.
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During his illustrious career at the RBI, Yadav served in key roles, notably as the Chief General Manager of the Department of Regulation.
His expertise spans critical domains such as supervision, regulation, rural development, financial inclusion, and human resources management.
Before his RBI tenure, Yadav contributed significantly during his 7-year tenure with a large public sector bank, focusing on credit and financing.
Expressing his views on the appointment, Yadav, said, “Today, NESFB finds itself at a particularly unique and pivotal point, unlike anything I have encountered in my professional journey. The bank is uniquely positioned to drive significant transformation in grassroots banking, focusing on advancing financial inclusion and access. I am honoured to contribute to this endeavour and be part of NESFB’s journey to forge a path of innovation and excellence in the banking sector.”
In December 2023, NESFB appointed Kalra as its interim MD & CEO, signalling a continued focus on leadership excellence and strategic growth.
