Jana Small Finance Bank has appointed Rajeev K as Head of Internal Audit, effective September 28, 2026, according to its BSE filing dated September 28. He takes over from M. Ramachandran, who will relinquish charge immediately and retire from the bank on December 2, 2026.

The bank disclosed the appointment and retirement as changes in its senior management personnel under Regulation 30 read with Schedule III of the SEBI Listing Regulations. The communication was addressed to both BSE and the National Stock Exchange.

Ramachandran expressed his intention to retire after seven years of service with the bank and after attaining the age of 67. The filing distinguishes his immediate departure from the audit leadership role from his subsequent retirement from the bank.

Rajeev K brings experience across lending audits

Rajeev K joins with about 30 years of total experience, including extensive exposure to audit themes relevant to Jana Small Finance Bank’s business. Before joining the bank, he worked at Axis Bank, ICICI Bank and State Bank of India.

According to the disclosure, his experience covers commercial banking, MSME, farmer financing, gold loans, microfinance and co-lending audit themes. The bank said these areas closely align with its core lending verticals.

The filing also lists his academic qualifications:

  • Master of Business Administration from ICFAI University.
  • Master of Commerce from Annamalai University.
  • Bachelor of Commerce from Calicut University.

Board approved appointment in August

The Audit & Compliance Committee of the Board and the Nomination & Remuneration Committee approved Rajeev K’s appointment on August 11, 2026. The board approved the appointment on August 13, 2026, at its meeting.

Those approvals preceded his September 28 joining date. The accompanying senior management disclosures identify appointment as the reason for Rajeev K’s entry and retirement as the reason for Ramachandran’s cessation, with the latter dated December 2, 2026.

Lakshmi R N, Company Secretary & Compliance Officer, signed the exchange communication on behalf of the Bengaluru-registered bank.

Source: BSE corporate announcement.