Equitas Small Finance Bank has made a significant addition to its leadership team, appointing Manish Agrawal as the new President-Finance. This strategic move, effective November 3, 2025, brings a wealth of experience to the bank's financial operations.

Key Appointment Details

Professional Background

Manish Agrawal brings over two decades of banking experience to Equitas Small Finance Bank. His expertise spans various crucial areas of financial management:

• Financial Reporting
• Financial Controls
• Management Reporting
• Regulatory Reporting
• Budgeting
• IT Initiatives

Prior to joining Equitas Small Finance Bank, Agrawal held the position of Head of Bank Finance Function at Kotak Mahindra Bank, where he was responsible for both the bank and its consolidated group. His career also includes stints at ING Vysya Bank and PricewaterhouseCoopers, further enriching his industry knowledge.

Educational Qualifications

Agrawal's strong academic background complements his extensive professional experience:

• Chartered Accountant
• Bachelor's degree in Commerce

Impact on Equitas Small Finance Bank

This appointment is expected to bolster Equitas Small Finance Bank's financial strategy and operations. As a Senior Management Personnel, Agrawal will play a crucial role in shaping the bank's financial direction and contributing to its growth objectives.

The bank's decision to bring Agrawal on board demonstrates its commitment to strengthening its leadership team with seasoned professionals. This move aligns with the bank's potential plans for expansion and enhanced financial management in an increasingly competitive banking landscape.

As Equitas Small Finance Bank continues to evolve in the dynamic financial sector, Agrawal's extensive experience in banking finance is likely to be a valuable asset in navigating future challenges and opportunities.

Equitas Small Finance Bank (ESFB) has announced a significant change in its senior management team. Dheeraj Mohan, who held the position of Head-Strategy, Customer Experience, Investor Relations, BI Analytics, has resigned from his role, effective October 31, 2025.

Early Departure

Mohan's departure comes ahead of his originally scheduled exit date of November 21, 2025. The bank's management agreed to relieve him earlier based on his personal request. Along with his primary responsibilities, Mohan also relinquished his role as the Chief Investor Relation Officer (CIRO) on the same date.

Regulatory Compliance

In adherence to the SEBI listing regulations, Equitas Small Finance Bank promptly informed the stock exchanges about this change in senior management personnel. This transparent communication aligns with the bank's commitment to regulatory compliance and shareholder information.

Management's Statement

The bank's management, in its official communication, stated, "Basis the request received from the above SMP (Senior Management Personnel), the Management of the Bank, has after due consideration has decided to relieve the said Official effective from the close of business hours today, i.e., October 31, 2025."

Implications

While the bank has not disclosed immediate plans for Mohan's replacement, this change in the senior leadership team could potentially influence the bank's strategic direction and investor relations approach. Stakeholders will likely be keen to observe how ESFB manages this transition and any subsequent appointments to fill the vacated roles.

As Equitas Small Finance Bank navigates this change, the financial community will be watching closely for any impacts on the bank's operations and strategic initiatives. The bank's ability to maintain continuity in its customer experience and investor relations functions will be crucial in the coming months.