Jana Small Finance Bank appointed Rajeev K as the new Head of Internal Audit effective September 28, 2026. The appointment marks a leadership transition in the bank's senior management personnel, with Rajeev bringing nearly three decades of banking experience to the role.

Leadership transition details

Rajeev K succeeds Ramachandran, who has expressed his intention to retire from services after completing seven years with the bank and attaining the age of 67 years. Ramachandran relinquished charge as Head of Internal Audit immediately upon the announcement and will formally retire from the bank on December 2, 2026.

The appointment was approved by the Audit & Compliance Committee of the Board (ACB) and the Nomination & Remuneration Committee (NRC) on August 11, 2026. Subsequently, the Board of Directors approved the agenda in its meeting held on August 13, 2026. This disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of incoming head

Rajeev K is a seasoned banker with approximately 30 years of total experience. His career includes extensive exposure across audit themes relevant to the bank's business operations. Prior to joining Jana Small Finance Bank, he worked at Axis Bank, ICICI Bank, and State Bank of India.

His academic qualifications include a Masters of Business Administration from ICFAI University, a Masters of Commerce from Annamalai University, and a Bachelors of Commerce from Calicut University. His professional background covers commercial banking, MSME, farmer financing, gold loans, microfinance, and co-lending audit themes, which align closely with the bank's core lending verticals.

Disclosure summary

The change in senior management personnel was disclosed to the National Stock Exchange of India Ltd. and BSE Limited in compliance with SEBI Master Circular reference no. SEBI/HO/CFD/PoD2/CIR/P/023/120 dated July 11, 2023, and SEBI Circular reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Jana Small Finance Bank has secured Reserve Bank of India approval to re-appoint K S Raman as an Executive Director. The appointment takes effect on January 1, 2027.

The RBI conveyed its approval in a letter dated September 16, 2026. The bank will place the re-appointment before shareholders for final approval at the Annual General Meeting scheduled for September 29, 2026.

Appointment Details

Raman will serve a term of three years, running from January 1, 2027, to December 31, 2029. This follows his existing tenure with the bank.

Profile and Disclosures

Krishnan Subramania Raman brings nearly 40 years of banking experience from India, Singapore, Indonesia, and the UAE. He has spent nine years with Jana Small Finance Bank. Prior to joining the bank, he held senior risk management roles at Mashreq Bank in the UAE, Standard Chartered Permata Bank in Indonesia, and Dunia Finance in Dubai.

Raman is a postgraduate in business management from the Indian Institute of Management, Calcutta. He is an associate member of the Institute of Chartered Accountants of India and a member of the Indian Institute of Bankers.

The bank confirmed that Raman is not related to any other directors. In accordance with SEBI circulars LIST/COMP/14/2018-19 and NSE/CML/2018/02, both dated June 20, 2018, the bank declared that Raman is not debarred from holding office by any SEBI order or other authority.