Capital Small Finance Bank Designates Senior Management Personnel
Capital Small Finance Bank has designated two senior executives as Senior Management Personnel under SEBI regulations effective April 29, 2026. Mr. Raghav Aggarwal, with 16+ years experience, was designated as Chief Credit Officer (Branch Banking), while Mr. Manish Khurana was designated as Head of Internal Audit. Both executives hold equity shares in the bank and have extensive experience within the organization.
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Capital Small Finance Bank has designated two key executives as Senior Management Personnel (SMP) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective April 29, 2026. The Board of Directors approved these designations at its meeting held on April 29, 2026, upon recommendation of the Nomination and Remuneration Committee.
Designation Details
The bank has designated Mr. Raghav Aggarwal as Chief Credit Officer (Branch Banking) as SMP of the bank. He brings over 16 years of experience including 12.5 years in the banking domain, with deep specialization in credit and risk management. Previously, he served as Chief Risk Officer for 6 years with Capital Small Finance Bank Limited. He started his journey with the bank in 2015 and has continuously worked in different roles across credit and risk functions.
| Executive Details: | Mr. Raghav Aggarwal |
|---|---|
| Designation: | Chief Credit Officer (Branch Banking) |
| Experience: | 16+ years total, 12.5 years in banking |
| Previous Role: | Chief Risk Officer (6 years) |
| Bank Association: | Since 2015 |
| Shareholding: | 8,426 equity shares |
Mr. Manish Khurana, Head of Internal Audit, has also been designated as SMP. A qualified CA, CS (Inter), M.Com, and CAIIB, he serves as Senior Vice President & Head of Internal Audit. Associated with the bank since March 2012, he has been instrumental in strengthening the internal audit framework since assuming charge in January 2022. He provides independent assurance on operational and financial processes while ensuring alignment with regulatory expectations.
| Executive Details: | Mr. Manish Khurana |
|---|---|
| Designation: | Head of Internal Audit |
| Qualifications: | CA, CS (Inter), M.Com, CAIIB |
| Position: | Senior Vice President & Head of Internal Audit |
| Bank Association: | Since March 2012 |
| Current Role Since: | January 2022 |
| Shareholding: | 8,430 equity shares |
Regulatory Compliance
The designations have been communicated to BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulations. The bank's scrip codes are 544120, 951995 & 953739 on BSE, with the symbol CAPITALSFB on NSE. Both executives have no directorial relationships within the bank as per the disclosures made under the regulatory framework.
The notification was signed by Amit Sharma, Company Secretary & Compliance Officer (Membership No.: F10888), ensuring proper adherence to listing obligations and disclosure requirements.
Historical Stock Returns for Capital Small Finance Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | +0.45% | +6.73% | -0.11% | -3.35% | -36.09% |
How might these senior management appointments impact Capital Small Finance Bank's credit portfolio expansion and risk management strategies in 2026?
Will the bank's strengthened internal audit framework under new SMP designations help it meet evolving regulatory requirements for small finance banks?
Could these leadership changes signal Capital Small Finance Bank's preparation for potential banking license upgrade or expansion into new business segments?
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