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Guwahati: Shrimohan Yadav, a seasoned veteran with 36 years of experience in the banking sector will join the North East Small Finance Bank (NESFB) as an Independent Director in its Board.
Yadav, whose career includes a 29-year stint at the Reserve Bank of India (RBI), has been a key contributor to the Indian banking industry's growth and development.
During his tenure at the RBI, Yadav served as the Chief General Manager of the Department of Regulation, playing a key role in initiatives such as the ownership and licensing of private sector banks, mergers and acquisitions in the banking and financial sector, reconstruction of weak banks, and governance-related matters. His influence extended to spearheading discussions on the privatization and divestment of public sector banks with the central government.
"His expertise in areas such as supervision, regulation, rural development, financial inclusion, and human resources management has positioned him as a distinguished figure in the sector", noted a release.
Before his RBI tenure, Yadav worked at a large public sector bank for 7 years, focusing on credit and financing. Satish Kumar Kalra, Interim MD and CEO of NESFB described the move as a strategic decision "to fortify the bank's leadership with an emphasis on exceptional governance and diligent oversight."
"NESFB finds itself at a particularly unique and pivotal point, unlike anything I have encountered in my professional journey", Yadav said. "The bank is uniquely positioned to drive significant transformation in grassroots banking, focusing on advancing financial inclusion and access."