Change in Head of Internal Audit: Rajeev K appointed, Ramachandran to retire

Jana Small Finance Bank has changed its Head of Internal Audit.

Mon 28 Sep 2026

Outgoing Head

M. Ramachandran, 7 years of service, retiring on December 2, 2026, age 67

Incoming Head

Rajeev K, 30 years of banking experience, joining September 28, 2026

Previous Experience

Rajeev K earlier worked with Axis Bank, ICICI Bank, State Bank of India

Board Approval

Audit & Compliance Committee and Nomination & Remuneration Committee approved on August 11, 2026; Board approved on August 13, 2026

What happened

Jana Small Finance Bank informed the exchanges of a change in its Senior Management Personnel, specifically the Head of Internal Audit role.

• Mr. M. Ramachandran relinquishes charge as Head of Internal Audit immediately; he retires from the bank on December 2, 2026, after seven (7) years of service and on attaining the age of 67 years. Reason for change stated is retirement.
• Mr. Rajeev K joins as Head of Internal Audit effective September 28, 2026, taking over from Mr. Ramachandran.

About the incoming Head of Internal Audit

Mr. Rajeev K brings about 30 years of total experience with exposure across audit themes relevant to the bank's business, including commercial banking, MSME, farmer financing, gold loans, microfinance and co-lending. He has earlier worked with Axis Bank, ICICI Bank and State Bank of India. He holds an MBA from ICFAI University, a Master of Commerce from Annamalai University and a Bachelor of Commerce from Calicut University.

Approvals

The Audit & Compliance Committee of the Board and the Nomination & Remuneration Committee approved the appointment on August 11, 2026, and the Board approved the agenda at its meeting held on August 13, 2026.

What it means for investors

This is a leadership change in an internal control function, disclosed under Regulation 30 of the SEBI Listing Regulations. The outgoing head's exit is stated as a retirement, and a successor is in place from the same date the charge is relinquished, so there is continuity in the role.

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