North East Small Finance Bank appoints Shrimohan Yadav as New Independent Director

North East Small Finance Bank (NESFB) has appointed Mr. Shrimohan Yadav as an new Independent Director to its Board. Yadav, a 36-year veteran with 29 years at the Reserve Bank of India (RBI), brings a wealth of knowledge and insight to the bank. During his tenure at the RBI, he contributed significantly in various capacities, including as the Chief General Manager of the Department of Regulation. His expertise spans across areas such as Supervision, Regulation, Rural Development, Financial Inclusion, and Human Resources Management.

Yadav played a pivotal role in major initiatives, including ownership and licensing of private sector banks, mergers and acquisitions, reconstruction of weak banks, and governance-related matters. He has also spearheaded discussions on the privatization and divestment of public sector banks with the Government of India. Prior to his RBI tenure, Yadav worked for 7 years with a large Public Sector Bank, focusing on credit and financing.

His appointment is a strategic step towards strengthening the bank’s leadership and guiding its sustainable growth and effective corporate governance practices. Mr Satish Kumar Kalra, Interim MD & CEO, NESFB, said, “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.”