MUMBAI, 24 DECEMBER, 2019 (GPN): P R Ravi Mohan has been appointed as the new Chairman of ESAF Small Finance Bank. He has replaced R. Prabha, who has completed his tenure as the Chairman. He comes with rich experience of top leadership in Indian and international banking sectors and was engaged in providing technical assistance regarding banking supervision and financial stability to 13 countries in Sub Saharan Africa. Before taking up this assignment he was heading the Banking Supervision Department of Reserve Bank of India, responsible for the supervision of commercial banks in the country. He also worked as Chief General Manager with the Department of Banking Operations and Development of Reserve Bank of India, where he was involved in regulation of the commercial banking system in the country. Mr. Ravi Mohan joined the RBI in 1984 after his Masters in Physics and holds a Master of Business Administration degree from the University of Birmingham,U.K. ENDS

About ESAF Small Finance Bank:

The journey of ESAF began in a small house named ‘Little’ at Thrissur in 1992.

In 2015, the Reserve Bank of India, the financial regulator in the country has granted in-principle license to ESAF to launch a Small Finance bank. ESAF Small Finance Bank was one amongst the ten NBFCs to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a Small Finance Bank in the private sector. In November 2016, the final license was issued by the RBI. ESAF Small Finance Bank was incorporated on May 05, 2016, with its registered office in Thrissur.

At present the bank has a presence in 17 states in India and has 3.3 million clients. It has bigger plans on the anvil to expand further.