Jana Small Finance Bank has successfully obtained shareholder approval for the appointment of Mr. Rakesh Joshi as a Non-Executive Independent Director. The approval was secured through a postal ballot, with 99.89% of votes cast in favor of the appointment.

Key Details of the Appointment

Remuneration and Voting Process

Mr. Joshi's appointment comes with an annual remuneration package and sitting fees:

The bank conducted an e-voting process for shareholders to cast their votes:

• E-voting Period: October 24 to November 23, 2025
• Cut-off Date for Voting Eligibility: October 17, 2025
• Results Announcement: By November 25, 2025

The remote e-voting process concluded on November 23, 2025, with 271 members participating out of 53,304 total shareholders as of the cut-off date.

Professional Background

Mr. Rakesh Joshi brings extensive experience to the bank:

• Expertise in Wholesale Banking, Retail Banking, Investment Banking, and Insurance
• 15 years in Front Office roles, from Junior Trader to Chief Dealer
• Strong understanding of Markets and Asset-Liability Management (ALM)
• Proven track record in designing and restructuring systems for enhanced growth and profitability

Current Directorships

Mr. Joshi currently serves on the boards of:

1. The Clearing Corporation of India Limited
2. Bima Sugam India Federation
3. Kaustubh Motor works (LLP)

His appointment is expected to bring valuable insights to the bank's board, particularly in areas of risk management, finance, and regulatory compliance.

The successful approval of Mr. Joshi's appointment aligns with Jana Small Finance Bank's commitment to maintaining a strong and diverse board to guide its strategic growth in the competitive small finance banking sector.

Jana Small Finance Bank has announced a significant leadership change, with Mrs. Chitra Talwar set to assume the role of Part-Time Chairperson effective February 8, 2026. This appointment, approved by the Reserve Bank of India (RBI), marks a new chapter in the bank's governance structure.

Key Appointment Details

Transition in Leadership

The appointment comes as the current chairperson, Mr. R Ramaseshan, is set to retire after completing the maximum permissible tenure of eight years on February 7, 2026. This transition aligns with the regulatory requirements outlined in Section 10A of the Banking Regulation Act, 1949, and the RBI circular dated April 26, 2021.

Mrs. Talwar's Background

Mrs. Chitra Talwar brings a wealth of experience to her new role:

• Serving as an Independent Director of Jana Small Finance Bank since January 31, 2020
• Over three decades of corporate experience in leading consumer products companies, including Britannia and PepsiCo
• Expertise in sales, marketing, strategy, and general management
• Experience in both Indian and international markets, including a stint in New York
• Led global teams in developing and implementing sales best practices across international markets

Educational Background

• Bachelor of Arts in Economics from Madras University
• MBA from XLRI

Additional Engagements

• Active in non-profit sectors focusing on education and women and child safety
• Keen interest in startups within the Retail and Skill Development spaces
• Previously served as an Independent Director on the board of NourishCo, a joint venture between Tata Consumer Products and PepsiCo India

The bank has confirmed that Mrs. Talwar meets the Fit & Proper criteria prescribed by the RBI and is not disqualified from directorship by any statutory authority. This appointment represents a continuation of Jana Small Finance Bank's commitment to strong corporate governance and experienced leadership.

As the banking sector continues to evolve, Mrs. Talwar's diverse experience in consumer-focused industries and her strategic insights are expected to contribute significantly to Jana Small Finance Bank's future direction and growth strategies.