Equitas Small Finance Bank appoints Mukund Barsagade as President-Finance
Equitas Small Finance Bank appointed Mr. Mukund Barsagade as President-Finance effective May 25, 2026. He is a seasoned finance professional with over 30 years of experience, including roles as CFO at Utkarsh Small Finance Bank and Paytm Payments Bank.
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Equitas Small Finance Bank has appointed Mr. Mukund Barsagade as its President-Finance, effective May 25, 2026. The appointment designates him as a Senior Management Personnel of the Bank, pursuant to the approval granted by the appropriate authority within the organization. Mr. Barsagade has assumed charge on the date of the appointment.
Profile of the Appointee
Mr. Mukund Barsagade is a seasoned finance and strategy professional with over three decades of experience. He holds strong academic credentials, including a Chartered Accountant qualification obtained in 1994 and a B. Com from Nagpur University completed in 1990. Additionally, he possesses a Diploma in IFRS from ACCA, UK.
His expertise spans financial management and controllership, regulatory compliance, fundraising, investor relations, and strategic transformation. Prior to this role, he held senior leadership positions such as Chief Financial Officer at several leading organizations.
Previous Roles
Mr. Barsagade has served as the Chief Financial Officer for Utkarsh Small Finance Bank, FINO Payments Bank, and Paytm Payments Bank. He also held the position of Group CFO at Lendingkart.
| Particulars | Details |
|---|---|
| Name of the Senior Management Personnel | Mr. Mukund Barsagade |
| Reason for change | Appointment as President - Finance and designated as Senior Management Personnel |
| Date of appointment | May 25, 2026 |
| Brief profile | Seasoned finance professional with over 30 years of experience; Chartered Accountant (1994); B. Com (Nagpur University, 1990); Diploma in IFRS (ACCA, UK). Former CFO of Utkarsh Small Finance Bank, FINO Payments Bank, Paytm Payments Bank, and Group CFO at Lendingkart. |
Historical Stock Returns for Equitas Small Finance Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.89% | +6.18% | +10.67% | +9.98% | +12.83% | +13.13% |
How might Mr. Barsagade's experience at multiple small finance banks and fintech firms influence Equitas Small Finance Bank's fundraising strategy and capital allocation priorities in the near term?
Given his background at Paytm Payments Bank and FINO Payments Bank, could Mr. Barsagade drive a stronger digital-first financial transformation at Equitas, and what operational changes might follow?
With Equitas Small Finance Bank navigating a competitive small finance bank landscape, how could this leadership appointment impact its upcoming regulatory compliance initiatives or RBI interactions?
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