He will assume the position of part time chairman upon completion of tenure of current part-time chairman, Raj Vikash Verma on 29 January 2024 and H. R. Khan is associated with the bank as an independent director since 28 December 2021.

H. R. Khan holds the Master of Arts from Utkal University, Bhubaneswar, Master of philosophy from Jawaharlal Nehru University, New Delhi, Diploma in Business Management from Narsee Monjee Institute of Management Studies, Mumbai and he is a certified associate of the Indian Institute of Banking and Finance.

He has expertise in the field of the finance of over 38 years of experience with the RBI and had handled diversified areas and spearheaded major projects relating to financial markets, foreign exchange management, external investments, banking regulation and supervision, IT transformation, payment and settlement systems, training and HR initiatives, and financial inclusion.

He was also the director on the board of Bandhan Bank, Dena Bank, Bank of Maharashtra, Punjab & Sind Bank, Bank of Rajasthan, NABARD, National Housing Board, PTC India Financial Services, Reserve Bank Information Technology Private and the Orissa State Finance Corporation.

The date of appointment of H. R. Khan will effective from 30 January 2024 to 27 December 2024 till completion of his first tenure as independent director of the bank at fixed remuneration of Rs 24 lakh per annum in addition to sitting fees and reimbursement of expenses related to attending the board and committee meetings of the bank.

AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.

AU Small Finance Bank (SFB) reported 17.3% increase in net profit to Rs 401.83 crore on 32% rise in total income to Rs 2,956.52 crore in Q2 FY24 over Q2 FY23.

The scrip rose 0.34% to end at Rs 722.10 on Friday, 24 November 2023. The domestic stock market is shut today (27 November 2023) on account of Gurunanak Jayanti.