Utkarsh Small Finance Bank Limited has announced the appointment of Dr. Ram Jass Yadav as Additional Director, marking a significant addition to its leadership team. The appointment was approved during a board meeting held on January 3, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Board Approval and Appointment Details

The Board of Directors approved Dr. Ram Jass Yadav's appointment as Additional Director in the category of Non-Executive Non-Independent, liable to retire by rotation. The appointment is subject to approval from the bank's shareholders and carries a term of five consecutive years.

Professional Background and Experience

Dr. Ram Jass Yadav brings extensive banking expertise spanning over 40 years across diverse domains including retail, corporate, treasury, credit, risk management, compliance, and governance. His experience encompasses rural, metro, and international banking environments, with particular strength in driving digital transformation and strategic planning.

His career began with Bank of Baroda in 1984, where he progressed to the position of Chief General Manager, the highest cadre in the bank. During his tenure, he served on the boards of nine financial institutions and was appointed by the Government of India as Executive Director of Punjab & Sind Bank.

Academic Credentials and Current Role

Dr. Yadav's academic qualifications demonstrate his comprehensive understanding of banking and finance:

• CAIIB (All India Topper)
• MBA
• Qualified Company Secretary
• Cost & Management Accountant
• Ph.D. in Banking & Finance from M. L. Sukhadia University of Udaipur

Currently, he serves as Professor of Practice at IGU, Rewari (Haryana), where he contributes to academia and mentors future leaders in banking and finance.

Regulatory Compliance and Disclosure

The bank confirmed that Dr. Ram Jass Yadav is not debarred from holding the office of director by virtue of any order from the Securities and Exchange Board of India (SEBI) or any other regulatory authority. The board meeting commenced at 11:30 a.m. (IST) and concluded at 3:30 p.m. (IST) on January 3, 2026.

The disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The information will be available on the bank's website at www.utkarsh.bank.in .

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.