Microfinance lender Utkarsh Small Finance Bank announced on Monday that the Reserve Bank of India (RBI) has approved the reappointment of Govind Singh as Managing Director and Chief Executive Officer. Singh’s reappointment is for a period of three years, starting from September 21, 2024.
The RBI’s approval was conveyed via a letter dated July 8, 2024. This decision follows the bank’s prior communication on January 27, 2024, and the announcement during the 8th Annual General Meeting for FY 23-24 regarding Singh’s reappointment.
Shares of Utkarsh Small Finance Bank closed at ₹50.92 on the BSE, a decrease of ₹0.27 or 0.53%.
Govind Singh has been instrumental in leading Utkarsh Small Finance Bank, and his continued leadership is expected to drive further growth and stability for the institution.
