The Reserve Bank of India (RBI) has granted approval for the re-appointment of Ajay Kanwal as the managing director and chief executive officer (MD and CEO) of Jana Small Finance Bank.
In an exchange notification, the bank stated, “The RBI, through their letter dated February 26, 2024, has conveyed its approval for the re-appointment of Ajay Kanwal as managing director and CEO of the bank for an additional three-year term commencing from March 21, 2024.”
This reappointment spans from March 21, 2024, to March 20, 2027, as confirmed by the bank.
Ajay Kanwal brings over 33 years of experience in the financial services sector. Prior to joining Jana SFB, Kanwal served as the regional CEO of ASEAN and South Asia at Standard Chartered Bank. He also held positions as Senior Advisor at TPG and Mastercard for a brief period.
