Small banks are struggling to appoint CEOs adhere to salary and banking experience constraints set by RBI. As executives can lend digital transformation but the real challenge is top-tier salary which can be difficult for small lenders.
According o the reports, the banks are North East Small Finance Bank; Kerala-based Dhanlaxmi Bank is grappling with succession uncertainty as the term of its current MD & CEO J K Shivan ends next month.
Another one, Equitas Small Finance Bank’s founder P N Vasudevan accepted the board’s request to continue leading the company after he resigned in 2022 due to an unsuccessful search for a new chief executive. And many other small banks are struggling to find CEOs of their fit.
