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AU Small Finance Bank Appoints HR Khan as Non-Executive Chairman

AU Small Finance Bank announced the appointment of Harun Rashid Khan, former deputy governor of the Reserve Bank of India (RBI), as its Non-Executive Chairman. The appointment, effective January 30, 2024, received approval from the Board of Directors, RBI, and shareholders.

Appointment Details

  • Harun Rashid Khan’s tenure begins on January 30, 2024.
  • Approval obtained from the Nomination & Remuneration Committee and the Board of Directors.
  • Subsequent approvals secured from the RBI and shareholders of AU Small Finance Bank.

Transition from Raj Verma

  • Harun Rashid Khan succeeds Raj Verma, concluding Verma’s term as Part-time Chairman on January 29, 2024.

Harun Rashid Khan’s Profile

  • Former deputy governor of RBI with over four decades of experience.
  • Expertise in banking & finance, payment systems, financial markets, and leadership roles.
  • Significant contributions at RBI, including projects on financial markets, banking regulation, IT transformation, and financial inclusion.

Educational Background

  • Holds a Master of Arts from Utkal University, Bhubaneswar.
  • Master of Philosophy from Jawaharlal Nehru University, New Delhi.
  • Diploma in Business Management from Narsee Monjee Institute of Management Studies, Mumbai.
  • Certified Associate of the Indian Institute of Banking and Finance.


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