Money & Banking

Esaf Bank MD elected as Chairman of Sa-Dhan

Our Bureau Kochi | Updated on June 19, 2020

K Paul Thomas, MD and CEO, ESAF Small Finance Bank

K Paul Thomas MD and CEO of ESAF Small Finance Bank has been elected as the Chairman of Sa-Dhan, the largest association of community development finance institutions in India.

The announcement was made at the 22nd annual general meeting of Sa-Dhan. Mukul Jaiswal, MD, Cashpor Micro Credit, was elected as Co-Chair, and HP Singh, CMD, Satin CreditCare Network Ltd, as Treasurer of Sa-Dhan.

Paul Thomas said that he is positively looking forward as the Chairman of Sa-Dhan, the oldest organisation of financial inclusion institutions in the country. “Sa-Dhan has played a crucial role in building the standard practice norms for the sector. I strongly believe in the importance of promoting responsible finance to protect the interests of under-served and un-served borrowers,” he said.

Sa-Dhan is an RBI-recognised self-regulatory organisation for non-banking financial companies and microfinance institutions.

Published on June 19, 2020

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