ESAF Small Finance Bank Announces Key Changes in Senior Management Personnel
ESAF Small Finance Bank Limited has approved changes concerning several senior management roles, including the appointment of new officers and the cessation of existing appointments, as confirmed by its Board of Directors during a meeting held on June 04, 2026.The bank has announced the appointment of Shri. G Narasimha Murthy as Chief Risk Officer (CRO), effective August 01, 2026. This transition follows the retirement of Shri. Wilson Cyriac from his role as CRO and Senior Management Personnel on July 31, 2026.
Shri. G Narasimha Murthy has been appointed to the post for a three-year period starting August 01, 2026. His profile includes holding a Bachelor of Commerce degree from Andhra University and being a Chartered Accountant qualified from the Institute of Chartered Accountants of India (ICAI). Shri. Murthy brings extensive expertise in credit risk, market risk, operational risk, audit, and governance. He has experience implementing enterprise-wide risk management frameworks, including Basel III regulatory frameworks, and is currently Executive Vice President at Jana Small Finance Bank.
A second key transition involves the appointment of Shri. Poulose Bharanikulangara as Head - Internal Audit. The role will be filled with effect from July 01, 2026, after the completion of employment contract of Shri. Sivakumar P, who is retiring from his position as Head - Internal Audit and Senior Management Personnel on June 30, 2026.
Shri. Poulose Bharanikulangara, appointed for a three-year term starting July 01, 2026, holds an MBA in Banking & Finance and has over 35 years of banking experience with Bank of Baroda across India, the UAE, and Mauritius. His expertise encompasses Corporate and Retail Credit, Risk Management, Audit & Inspection, Compliance, Governance, and Overseas Banking Operations. Previous roles include Head - Zonal Internal Audit & Inspection (Top Management Cadre G-VI) at New Delhi, as well as assignments in risk management across Mumbai and overseas operations.
The material changes to the bank's senior leadership are summarized below:
| Role Transition | Existing Officer | Reason for Change | Appointed Officer | Appointment Details |
|---|---|---|---|---|
| Chief Risk Officer (CRO) | Shri. Wilson Cyriac | Retirement upon contract completion on July 31, 2026. | Shri. G Narasimha Murthy | Appointed as CRO for a period of three years with effect from August 01, 2026. |
| Head - Internal Audit | Shri. Sivakumar P | Retirement upon completion of employment contract on June 30, 2026. | Shri. Poulose Bharanikulangara | Appointed as Head - Internal Audit for a period of three years with effect from July 01, 2026. |
ESAFSFB Stock Price Movement
ESAF Small Finance Bank Limited shares are edging higher to ₹27.93 as of 2:42 PM, climbing 0.40% in live trading. The stock so far registered a total traded volume of 198,125 shares during the active session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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