AU Bank audit head Vinay Vaish has been reappointed for a further one-year term following approval by the board of AU Small Finance Bank Ltd on September 28, 2026, according to its BSE filing. The renewed term takes effect on October 7, 2026.

The board approved the reappointment at its meeting on September 28, acting on recommendations from the Audit Committee and the Nomination and Remuneration Committee. The disclosure identifies the Head of Internal Audit as a Senior Management Personnel position.

Vaish's current two-year term ends on October 6, 2026. The approved extension begins the following day, continuing his tenure in the internal audit role. The bank disclosed the decision to both BSE and the National Stock Exchange.

Tenure and professional background

Vaish has been associated with AU Small Finance Bank since May 2015 and has headed its Internal Audit function since October 2021. Before taking charge of internal audit, he served as Chief of Credit & Collections for Wholesale Banking and as Chief of Credit Risk.

He is a Chartered Accountant and holds a Bachelor's degree in Law. According to the filing, he has over 30 years of professional experience, spanning Risk Management, Credit, Collections, Governance and Internal Audit. He has held several leadership roles across these functions.

The reappointment therefore extends the tenure of an existing senior management executive whose previous responsibilities at the bank included credit risk and wholesale banking credit and collections.

Terms recorded in the exchange disclosure

  • Current term: Two years, ending October 6, 2026.
  • Renewed term: One year, effective October 7, 2026.
  • Position: Head of Internal Audit, classified as Senior Management Personnel.

The bank submitted the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Its annexure records reappointment upon completion of the current term as the reason for the change.

The filing carries reference number AUSFB/SEC/2026-27/249. AU Small Finance Bank is identified by NSE symbol AUBANK and BSE scrip code 540611.

Source: BSE corporate announcement.