Utkarsh Small Finance Bank Limited has announced a significant leadership change with the resignation of Mr. Pramod Kumar Dubey from his position as Whole Time Director and Key Managerial Personnel. The resignation becomes effective on December 31, 2025, at the close of business hours.

Leadership Transition Details

The bank disclosed this information to stock exchanges in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Dubey has tendered his resignation to pursue career opportunities outside the banking organization.

Bank's Response

Utkarsh Small Finance Bank has formally acknowledged Mr. Dubey's contribution during his tenure. The bank placed on record its sincere appreciation for the diligent and dedicated services provided by Mr. Pramod Kumar Dubey throughout his association with the organization. The management has extended best wishes for his future endeavors.

Regulatory Compliance

The disclosure has been made in accordance with SEBI regulations, specifically under Regulation 30 read with Schedule III of the listing regulations. The bank has also referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete regulatory compliance.

The formal communication was signed by Muthiah Ganapathy, Company Secretary & Compliance Officer, and includes the required annexures with detailed disclosure information and a copy of the resignation letter. The disclosure is also available on the bank's official website for stakeholder reference.

Utkarsh Small Finance Bank has announced a key leadership appointment with Mr. Ritesh Kumar joining as Chief Compliance Officer effective December 31, 2025. The appointment, disclosed under Regulation 30, marks a strategic addition to the bank's senior management team as Kumar brings over two and a half decades of comprehensive banking experience.

Appointment Details

The bank has structured the appointment as a full-time employment arrangement, with Kumar set to assume his responsibilities at the end of December 2025. The appointment does not involve any inter-directorial relationships, maintaining the independence of the compliance function within the organization.

Professional Qualifications

Mr. Kumar brings an impressive academic and professional credential portfolio to his new role. His educational foundation includes a Bachelor of Science degree from Bangalore University and an MBA from Patna University. He has further strengthened his banking expertise through the Certified Associate of Indian Institute of Bankers (CAIIB) qualification and a Post Graduate Diploma in Banking & Finance from the National Institute of Bank Management (NIBM), Pune.

His specialized certifications demonstrate deep expertise in risk management and financial services:

• Certification in Risk in Financial Services from Indian Institute of Banking & Finance (IIBF), Mumbai
• Certification in Risk in Financial Services from Chartered Institute for Securities & Investment (CISI), London
• Certificate in Market Risk Capital Charges-Internal Models & Regulatory Approaches from NIBM, Pune
• Certificates in Trade Finance and SME Financing from IIBF

Extensive Banking Experience

Kumar's 25-year banking career spans multiple prestigious institutions and diverse functional areas. He commenced his professional journey with Canara Bank as a Probationary Officer, where he gained foundational experience across branch banking, credit operations, treasury functions, and trade finance activities.

Subsequently, he expanded his expertise in risk management during his tenure with IDBI Bank Limited and Doha Bank QPSC, where he spent approximately 15 years specializing in risk management functions. His role at Doha Bank QPSC included serving as Chief of Internal Vigilance, demonstrating his capability in oversight and compliance functions.

Recent Leadership Experience

Most recently, Kumar served as Deputy Chief Compliance Officer at DCB Bank Limited, where he demonstrated comprehensive oversight capabilities across multiple compliance domains. His responsibilities encompassed the assurance function, compliance advisory services, compliance monitoring systems, and compliance testing procedures. This experience positions him well to lead Utkarsh Small Finance Bank's compliance initiatives and ensure adherence to regulatory requirements.

The appointment reflects Utkarsh Small Finance Bank's commitment to strengthening its compliance framework with experienced leadership as the institution continues to grow in the competitive small finance banking sector.