Paul Thomas’ appointment is for a period of three years
KOCHI: The Reserve Bank of India has conveyed its approval on July 16 for the re-appointment of Kadambelil Paul Thomas (K Paul Thomas) as the managing director & CEO of ESAF Small Finance Bank Ltd for a period of three years with effect from October 01, 2024.
“The bank will seek approval of the shareholders for the said appointment within the prescribed period as per the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations,” a statement from the bank said.
Kadambelil Paul Thomas has got more than 30 years of experience in financial services. Under his leadership, ESAF Small Finance Bank has grown into one of the leading financial institutions, with over 750 banking outlets across 23 states and two union territories, serving over 8 million customers.
Prior to taking on the mantle of ESAF Small Finance Bank, he was the chairman and managing director of ESAF Financial Holdings Pvt Ltd.
He has also served as the founder secretary cum honorary executive director of ESAF Foundation (previously known as Evangelical Social Action Forum) for over 26 years.
