Description

AU Small Finance Bank has appointed Harun Rashid Khan, a former deputy governor of the Reserve Bank of India (RBI), as its Non-Executive Chairman. The appointment, which is effective January 30, 2024, was approved by the Board of Directors, the RBI, and shareholders.

Appointment Details

• Harun Rashid Khan's tenure starts on January 30, 2024.

• The Nomination and Remuneration Committee and the Board of Directors both gave their approval.

• The RBI and AU Small Finance Bank shareholders provided subsequent approvals.

• The transition from Raj Verma.

• Harun Rashid Khan succeeds Raj Verma, whose term as Part-time Chairman ends on January 29, 2024.

Profile Of Harun Rashid Khan

• Former deputy governor of the RBI with over four decades of experience.

• Banking and finance, payment systems, financial markets, and leadership positions are among my specialties.

• Significant contributions at the RBI include projects on financial markets, banking regulation, IT transformation, and financial inclusion.

Educational Background

• He holds a Master of Arts degree from Utkal University in Bhubaneswar.

• Jawaharlal Nehru University in New Delhi awards a Master of Philosophy degree.

• Narsee Monjee Institute of Management Studies in Mumbai offers a diploma in business management.

• Certified Associate of the Indian Institute of Banking and Finance.

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