The RBI conveyed its approval via its letter no. DoR.GOV.No. 6205/08.42.00t12026-27 dated November 02, 2026.
The approval is for the appointment of Shri Sankaran G, who is currently the Executive President of the bank, as a Whole-time Director designated as Executive Director.
The appointment is approved for a period of three years, effective from the date he takes charge of the position.
The bank stated that it will take the necessary steps to induct him into the Board of the bank in due course.
A separate communication to the exchanges will be made after his appointment is approved by the Board of the bank. This future communication will include the relevant disclosures as mandated by the SEBI Master Circular no. HO|49|I4|L4(7)2025-CFD-POD2/I1376212026 dated January 30, 2026.
The disclosure was signed by Venkataramanan S, the Company Secretary & Compliance Officer of the bank.