Capital Small Finance Bank Limited informed that the Board of Directors of the Bank in its meeting held on April 24, 2024, has approved the following: Pursuant, to the recommendations of Nomination and Remuneration Committee, the Board of Directors of the Bank has approved the appointment of Mr. Aseem Mahajan as the Chief Financial Officer (Key Managerial Personnel, Senior Management Personnel) of the Bank with effect from April 24, 2024. Mr. Munish Jain, was elevated by the Board of the Directors as an Executive Director on the Board of the Bank with effect from August 28, 2023. He was holding the position of Chief Financial Officer.

Pursuant to the appointment of Mr. Aseem Mahajan as the Chief Financial Officer of the Bank, Mr. Munish Jain, Executive Director, shall cease to hold the position of the Chief Financial Officer of the Bank with effect from April 24, 2024. He shall continue to hold the position of Executive Director (Whole Time Director). Mr. Aseem Mahajan holds a bachelor's degree in commerce from Guru Nanak Dev University and is a fellow member of the Institute of Chartered Accountants of India.

With a professional background spanning over 15 years across various domains including accounting, finance, treasury & fund management, budgeting & forecasting, capital raising, compliance and secretarial. Mr. Aseem Mahajan embarked on his journey with the Bank on August 04, 2012 and was presently working as Deputy CFO of the Bank.