AU Small Finance Bank Announces Retirement of Two Independent Directors
AU Small Finance Bank has announced the retirement of Prof. M. S. Sriram and Pushpinder Singh as Independent Directors following the completion of their tenure, effective October 20, 2025. Both directors joined the Bank’s Board in October 2019 and have played key roles in strengthening its governance framework and strategic direction over the past six years.
Effective Date and Tenure
The retirements are effective on October 20, 2025, marking the completion of six years of service on AU Small Finance Bank’s Board by both Prof. Sriram and Mr. Singh.
About Prof. M. S. Sriram
Prof. Sriram is a distinguished academic and financial inclusion expert who serves as Professor at the Centre for Public Policy, Indian Institute of Management (IIM) Bangalore. He previously taught at IIM Ahmedabad and served as a shareholder Director on the Board of Union Bank of India for six years. His research and writings—including the acclaimed “Inclusive Finance India Report”—have shaped policymaking in rural banking and microfinance. An alumnus of the Institute of Rural Management, Anand, he holds a doctorate from IIM Bangalore and continues to serve on the Boards of IDMC Ltd. and Selco Solar Light Private Ltd.
About Pushpinder Singh
With over 38 years of experience across banking, information technology, and digital systems, Pushpinder Singh began his career at Bank of India and rose to become Chief Information Officer, leading enterprise-wide technology transformation and infrastructure initiatives. Recognised with the CIO Masters Award in 2013, he has advanced technology adoption across public sector banking. He completed an international program in information assurance from the University of Buffalo, advised the National Payments Corporation of India (NPCI), and currently contributes as an external expert to the IT Strategy Committees of SIDBI and IFCI Ltd.
Contributions to AU Small Finance Bank
Both Prof. Sriram and Mr. Singh contributed to AU Small Finance Bank’s evolution from a small finance bank to a full-service, retail-focused institution. Their insights helped enhance governance systems, digital transformation, and inclusive growth initiatives during a period of strong financial and operational expansion.
FAQs
When do the Independent Directors retire?
Their retirement is effective on October 20, 2025.
Who are the directors retiring from AU Small Finance Bank’s Board?
Prof. M. S. Sriram and Pushpinder Singh, both serving as Independent Directors since October 2019.
What are Prof. Sriram’s areas of expertise?
Financial inclusion and public policy. He is a Professor at IIM Bangalore, previously taught at IIM Ahmedabad, served on Union Bank of India’s Board, and continues to serve on the Boards of IDMC Ltd. and Selco Solar Light Private Ltd.
What experience does Pushpinder Singh bring?
Over 38 years in banking and IT, including CIO of Bank of India, advisory roles with NPCI, and contributions to the IT Strategy Committees of SIDBI and IFCI Ltd.
How did they contribute to AU Small Finance Bank?
They strengthened governance, supported digital transformation, and advanced inclusive growth as the Bank expanded its operations and offerings.
