Categories: BankingCurrent Affairs

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.