The Reserve Bank of India (RBI) has given its stamp of approval for the reappointment of Parveen Kumar Gupta as non-executive Chairman of Utkarsh Small Finance Bank. This decision extends Gupta's tenure from October 12, 2025, to August 31, 2026, subject to shareholder approval. Gupta, a seasoned banker with 38 years of experience at State Bank of India, including a stint as Managing Director, brings a wealth of expertise to Utkarsh. His reappointment is expected to provide continuity in leadership and strategic direction for the bank. Gupta's extensive background in the financial sector, coupled with his roles in various other financial institutions, positions him well to guide Utkarsh through the evolving landscape of small finance banking in India.
Source: Economic Times