Equitas Small Finance Bank, a Chennai-headquartered small finance bank, announced the appointment of Rohit Phadke and Murali Vaidyanathan to its Board of Directors.
According to the company’s exchange filing, “the Board of Directors of the Bank at its Meeting held on May 04, 2022 had considered and approved the proposal for appointment of Mr Murali Vaidyanathan (DIN – 09594986 ) and Mr Rohit Phadke (DIN – 07293524 ) as Whole-time Directors of the Bank designated as Executive Directors, subject to the approval of the Reserve Bank of India and the shareholders of the Bank, in terms of the relevant provisions of the Companies Act, 2013, the relevant Rules made thereunder, the SEBI Listing Regulations, the Banking Regulation Act, 1949 and the Guidelines issued by the RBI in this regard.”
Rohit Phadke, is the Head – Assets in the Bank. He is a Business leader with over 29 years’ experience in the Financial Services industry in Vehicle finance and Mortgage. Prior to joining Equitas, he was with Cholamandalam Investment & Finance Co. Ltd as Business Head – Home Loans. Post completion of his MBA from Pune University, he worked with Apple Finance Limited before joining Cholamandalam. In his 18 years stint with Chola, he held various positions. He initiated and set up two large and profit making businesses for the Murugappa Group – LAP and Home Loans that deliver a PBT of ~ 400 crores.
Murali Vaidyanathan, is the Head – Liabilities, Wealth Management, Digital Banking and Marketing, of the Bank. He holds a bachelor’s degree in engineering from the University of Madras and a post graduate diploma (distance education) in business administration from the School of Communication and Management Studies. He has completed a certificate program on ‘Artificial Intelligence- Strategies for Leading Business Transformation’ from the Northwest University. He has participated in the ‘Programme on Enhancing Sales Force Performance’ from the Indian Institute of Management, Ahmedabad and the ‘General Management Programme for Kotak Mahindra Bank Limited’ conducted by Indian Institute of Management, Ahmedabad.
Prior to joining the Bank, he has worked with Kotak Mahindra Bank Limited, Citigroup Inc. and ICICI Bank Limited. He joined the Bank in December 2019 as head – branch banking and was appointed as the president and country head – branch banking, liabilities, product and wealth on January 2, 2020.
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