Capital Small Finance Bank Limited, announced the appointment of Mr. Munish Jain as the Whole Time Director (designated as Executive Director). The Reserve Bank of India has approved his appointment as Whole Time Director for a period of 3 years with effect from August 28, 2023. In his new role, Mr. Jain will contribute to the bank’s strategic growth and play a pivotal role in shaping its growth landscape. He has been associated with Capital Small Finance Bank since the year 2000, previously serving as the Chief Operating Officer and has been the key pillar in the growth of the Bank.
On his appointment as Executive Director, Mr. Munish Jain said, “I am honored to take on the role of Executive Director at Capital Small Finance Bank. Having been a part of this institution for over two decades, I am excited to contribute to its strategic growth and further strengthening our commitment towards delivering exceptional financial services. I look forward to leveraging my experience and expertise to drive innovation and value for our customers, stakeholders, and the bank as a whole.”
Mr. Munish Jain brings with him a wealth of experience and expertise in the banking sector. He holds a bachelor’s degree in commerce and is a distinguished fellow member of both the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. With over 22 years of experience, Mr. Jain’s career spans various facets of banking, including finance, compliance, treasury management, strategic decision-making, and the successful execution of strategic initiatives.
About Capital Small Finance Bank
Capital Small Finance Bank (CAPITAL SFB) is a bank headquartered at Jalandhar, Punjab, India. Capital Small Finance Bank Limited started operations as India’s 1st Small Finance Bank on April 24, 2016 after conversion from Capital Local Area Bank. Prior to conversion to a Small Finance Bank, Capital Local Area Bank was operating as India’s largest local area bank since January 14, 2000. The core strategy of the bank is to build a retail focused banking franchise by enabling access for middle income group customers to affordable credit in the states Bank operates, diversified & secured advance portfolio, retail focused liability franchise and customer centric business model.
