North East Small Finance Bank (NESFB) has elevated its leadership by welcoming Mr. Shrimohan Yadav as an Independent Director to its Board. Mr. Yadav, an industry stalwart with 36 years of rich experience, including an illustrious 29-year tenure at the Reserve Bank of India (RBI), will contribute invaluable insights to NESFB. During his distinguished career at the RBI, Mr. Yadav held significant roles, notably as the Chief General Manager of the Department of Regulation, where he played a pivotal role in key initiatives such as private sector bank ownership and licensing, banking sector mergers, and governance-related matters.
Mr. Yadav’s appointment is seen as a strategic move by NESFB to strengthen its governance and leadership. His vast expertise in supervision, regulation, rural development, financial inclusion, and human resources management aligns seamlessly with NESFB’s commitment to excellence in banking. Mr. Satish Kumar Kalra, Interim MD & CEO, NESFB, expressed enthusiasm about Mr. Yadav’s appointment, emphasizing its importance in fortifying the bank’s leadership. He noted, “Mr. Yadav’s extensive experience in banking will serve as a guiding force for the bank’s sustainable growth and effective corporate governance practices.”
Reflecting on his appointment, Mr. Shrimohan Yadav shared his excitement, highlighting NESFB’s unique position in driving grassroots banking transformation and advancing financial inclusion. He expressed honor in contributing to NESFB’s journey, especially with the upcoming merger with slice, which is set to establish an innovative digital presence for the bank. In December 2024, NESFB appointed Mr. Satish Kumar Kalra as its Interim MD & CEO, setting the stage for continued growth and innovation in the banking sector.
