Board Approves Re-Appointment of Head of Internal Audit for One More Year

The Board has approved the re-appointment of Mr. Vinay Vaish as Head of Internal Audit for a further term of **one year**, effective October 7, 2026.

Mon 28 Sep 2026

Re-appointment Term

one year, effective October 7, 2026

Professional Experience

over 30 years

Tenure with Bank

since May 2015

Internal Audit Leadership

since October 2021

Qualifications

Chartered Accountant with Bachelor's degree in Law

What was announced

The Board of Directors of the Bank, at its meeting held on September 28, 2026, approved the re-appointment of Mr. Vinay Vaish as Head of Internal Audit (HIA) for a further term of one year with effect from October 7, 2026.

The approval came on the recommendations of the Audit Committee and the Nomination and Remuneration Committee.

About the person

• Chartered Accountant and holds a Bachelor's degree in Law.
• Over 30 years of professional experience across Risk Management, Credit, Collections, Governance and Internal Audit.
• Associated with the Bank since May 2015.
• Heading the Internal Audit function since October 2021, after serving as Chief of Credit & Collections (Wholesale Banking) and Chief of Credit Risk.

Term details

• His current term of 2 years completes on October 6, 2026.
• The fresh term is for one year from October 7, 2026.
• He is classified as Senior Management Personnel.

Why it matters

The Head of Internal Audit leads the function that independently checks the bank's processes, controls and compliance, and reports to the Audit Committee. Continuity in this role is a governance matter rather than a business event.

There is no change in the person holding the role, and the update carries no financial figures or business impact.

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