RBI Approves Re-Appointment Of HR Khan As Part-Time Chairman Of AU Small Finance Bank

The Reserve Bank of India has approved the re-appointment of Harun Rashid Khan as the part-time chairman of AU Small Finance Bank, the lender said in an exchange filing on Thursday.

Khan, who has been re-appointed for a period of three years, will begin his fresh tenure from Dec. 28, the filing stated.

On Jan. 30 this year, Khan had taken charge as the part-time chairman of AU Small Finance Bank after receiving approval from the board, RBI, and shareholders. Khan is a former deputy governor of the RBI with over four decades of experience.

He made significant contributions at the RBI, being involved in projects related to financial markets, banking regulation, information technology transformation, and financial inclusion.

For the quarter ended September, AU Small Finance Bank's profit after tax rose 42% on-year to Rs 571 crore. The net interest income grew 58% on-year to Rs 1,974 crore.

Shares of AU Small Finance Bank on Thursday closed 1.73% lower at Rs 548.7 apiece on the NSE, compared to a 1.02% decline in the benchmark Nifty 50.