ESAF Small Finance Bank has appointed Karthikeyan Manickam as the Chairman of its Board, strengthening its leadership with a seasoned public sector banking professional. The appointment brings more than three decades of banking experience to the small finance lender at a time when regulatory focus and asset quality remain key priorities for the sector.
Manickam previously served as Executive Director at Bank of India, where he was part of the senior leadership team and contributed to policy formulation and strategic decision-making across several critical functions. His professional experience spans over 36 years and covers banking operations, risk management, regulatory compliance, credit monitoring, recovery, human resources, financial inclusion, and customer-centric service delivery.
In his role as Chairman, Manickam will provide independent oversight and strategic guidance to the Board. ESAF Small Finance Bank said his leadership will support the bank’s continued focus on inclusive banking, strengthening asset quality, ensuring regulatory adherence, driving sustainable growth, and maintaining high standards of customer service in a rapidly evolving financial landscape.
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During his tenure at Bank of India, Manickam played a key role across portfolios including risk management, inspection and audit, stressed asset resolution, retail banking, agriculture and MSME financing, government business, marketing, corporate social responsibility, and financial inclusion initiatives.
Earlier in his career, he held several senior positions at Indian Bank. He has also served on the boards of Tamil Nadu Grama Bank and BOI STAR Investment Managers Private Limited. In addition, he was Chairman of Star Union Dai-ichi Life Insurance Company Limited.
The appointment is expected to reinforce governance and stakeholder confidence as ESAF Small Finance Bank continues to expand its footprint in retail and inclusive banking.
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