The Reserve Bank of India (RBI) has given its approval for the variable pay of Mr. Govind Singh, Managing Director and Chief Executive Officer of Utkarsh Small Finance Bank, for the financial year 2024-25. Additionally, the RBI has approved the fixed pay for the financial year 2025-26. This decision follows the guidelines set forth in the RBI’s letter dated September 16, 2024.
The approval comes after the shareholders of Utkarsh Small Finance Bank granted their consent, aligning with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has confirmed that this information will be accessible on its official website, www.utkarsh.bank.in.
Utkarsh Small Finance Bank, headquartered in Mumbai, continues to adhere to regulatory requirements and maintain transparency with its stakeholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aman Shukla before publication.