Corporate Governance | Equitas Small Finance Bank

Corporate Governance

The philosophy of Equitas on Corporate Governance envisages adherence to the highest levels of transparency, accountability and fairness, in all areas of its operations and in all interactions with its stakeholders. Equitas deals with borrowers who are mostly from the economically weaker sections of the society with poor linkages to the mainstream financial markets. Right from inception, the Bank’s policies and processes have been fine-tuned to ensure utmost clarity and fairness while dealing with such clients.


Board of Directors

Anil Kumar Sharma

Anil Kumar Sharma

Part-time Chairman and Non-executive Independent Director

  • He holds a Master's degree in Economics and CAIIB & Diploma in Treasury, Investment & Risk Management (DTIRM) from Indian Institute of Banking & Finance
  • Mr. Anil Kumar Sharma retired as an Executive Director, Reserve Bank of India in March 2023, after 37 years of service
Vasudevan Pathangi Narasimhan

Vasudevan Pathangi Narasimhan

MD & CEO

  • Bachelor’s degree – Science (Physics); Company Secretary
  • Former Executive Vice President & Head – Consumer Banking Group at Development Credit Bank
  • About two decades at Cholamandalam Group as Vice President and Head – Vehicle Finance
Arun Kumar Verma

Arun Kumar Verma

Non-executive
Independent Director

  • Law graduate; Chartered Accountant
  • Former Chairman of East India Regional Council of Institute of Chartered Accountants of India
Narayanaswamy Balakrishnan

Narayanaswamy Balakrishnan

Non-executive
Independent Director

  • Engineering degree – Electronics & Communications; Doctorate of Philosophy
  • Has been a professor at Indian Institute of Science
  • Padma Shri recipient – Science and Engineering category
Navin Avinashchander Puri

Navin Avinashchander Puri

Non-executive
Independent Director

  • Master’s degree – Business Administration
  • Chartered Accountant
  • Previously associated with HDFC Bank as part of the Senior Management team
Narasimhan Srinivasan

Narasimhan Srinivasan

Non-executive
Independent Director

  • Master’s Arts Degree - Economics, Associate of Indian Institute of Bankers
  • Chief General Manager – NABARD
  • Director – Belstar Microfinance, Sahayog Microfinance
  • Authored – Micro Finance India – State of the Sector Report
Vinod Kumar Sharma

Vinod Kumar Sharma

Non-executive
Independent Director

  • Master’s Degree – Science
  • Former Executive Director of the Reserve Bank of India, chaired working group on interest rate future, common clearing for commodity exchange
Ramesh Rangan

Ramesh Rangan

Non-executive
Independent Director

  • Bachelor's Degree - Mathematics, Associate of Indian Institute of Bankers, Management Diploma.
  • Former Wholetime Director in State Bank of India, Ahmedabad
  • Former Managing Director in State Bank of Patiala
  • Former Nominee Director in Indian Bank's Association and Indian Institute of Banking & Finance
Samir Kumar Barua

Samir Kumar Barua

Non-executive
Independent Director

  • M.Tech in Industrial Management and Operations Research, Ph.D in Management
  • Former Director of IIMA
  • Served as member of policy making committees set up by the Government including those on reforms of Indian Capital Markets, Reforms of the media sector, Pricing of petroleum products.
  • Served as a member of Technical Committee on Government Securities of RBI, Risk Management Group for equities constituted by SEBI and Various committees constituted by BSE & NSE
Geeta Dutta Goel

Geeta Dutta Goel

Non-executive
Independent Director

  • Bachelor's Degree in economics, Post Graduate Diploma in Management
  • Country Director - Michael & Susan Dell Foundation, India
  • Served as Chairperson of India's Impact Investors Council
  • Served as a Nominee Director in the Boards of Ujjivan Financial Services, Janalakshmi Financial Services, Micro Housing Finance Corporation, Swadhaar FinServe, Arohan Financial Services, Sonata Finance Etc.
Dr. Gulshan Rai

Dr. Gulshan Rai

Non-executive
Additional Director (Independent)

  • Holds a Doctoral degree and Master’s degree in Electronics & Communications and in Physics
  • Involved in the Banking and Financial sector since 1988
  • Served in various positions at the Prime Minister’s Office and retired as the National Cyber Security Coordinator, Government of India
  • Former Director General CERT-In (Indian Computer Emergency Response Team) and Group Coordinator of E-Security and Cyber Law Division in the Ministry of Communications and Information Technology
  • Has been working in the area of evolving legal framework to address issues arising out of cyberspace, which resulted in second Technology Legislation in the country i.e. Information Technology Act and recent amendments to the Act

Other committees of our Bank

  • In addition to the committees mentioned above, our Bank has constituted various other committees, such as, Business Committee, Customer Service Committee, Information Technology Strategy Committee, Credit Committee, Special Committee of Board for Monitoring High Value Frauds, Review Committee for Identification of Wilful Defaulters and Policy Formulation Committee to oversee and govern various internal functions and activities of the Bank.

Policies


  • ESFB - Policy on Board Succession Planning
  • ESFB - CSR Policy
  • ESFB - Internal Code of Conduct Prevention of Insider Trading
  • ESFB - Policy for Code of Conduct for Senior Management
  • ESFB - Policy on Code of Conduct of Directors
  • ESFB - Policy on Material Related Party Transactions
  • ESFB - Policy on Remuneration
  • ESFB - Policy on Selection of Directors
  • ESFB - Dividend Distribution Policy
  • ESFB - Record Retention and Archival Policy
  • ESFB - Terms & Condition - Independent Director
  • ESFB - Whistle Blower Policy
  • ESFB - Policy on Criteria for Determining Materiality of Events
  • ESFB-Familiarisation Programme for Independent Director 2022-23
  • ESFB-Committee Constitution of the Board
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