Capital Small Finance Bank has announced that the Reserve Bank of India has approved the re-appointment of Munish Jain as Whole-time Director designated as Executive Director of the Bank.
The re-appointment will be effective from August 28, 2026, for a period of three years. The approval follows shareholder approval obtained through a Postal Ballot notice dated January 29, 2026.
Extensive Experience in Banking and Financial Leadership
Munish Jain brings over 25 years of experience in the banking and financial services sector.
He has been associated with the Bank since 2000 and was part of the founding team of Capital Local Area Bank, which later transitioned into Capital Small Finance Bank.
A Fellow Member of both:
- Institute of Chartered Accountants of India
- Institute of Company Secretaries of India
he also completed executive programmes in leadership, corporate finance, and risk management from premier institutions including Indian Institute of Management Ahmedabad and INSEAD, France.
Key Role in Small Finance Bank Transformation
One of his most notable contributions involved leading the end-to-end transition of Capital Local Area Bank into a Small Finance Bank.
He played a major role in:
- Regulatory coordination
- Project implementation
- Strategic planning
- Governance strengthening
- Capital infusion initiatives
- Treasury operations
- Risk management frameworks
- Organisational structuring
The Bank became the first operational Small Finance Bank in India after receiving in-principle approval.
Contribution to Capital Markets and Governance
Munish Jain was also instrumental in the Bank’s:
- Rights issues
- Private equity infusions
- Tier II capital raising
- Public market transition
A major milestone came when the Bank’s equity shares were listed on:
- BSE Limited
- National Stock Exchange of India Limited
on February 14, 2024.
His responsibilities have additionally spanned:
- Treasury and Finance
- Compliance
- Investor Relations
- Business Planning
- Forecasting
- Secretarial functions
- Internal controls
- Operational oversight
Strengthening Governance and Banking Operations
The re-appointment reflects the Bank’s continued emphasis on governance, financial oversight, regulatory compliance, and long-term strategic execution.
Capital Small Finance Bank Executive Director leadership is expected to continue supporting the institution’s operational strengthening, retail banking growth, risk governance, and sustainable expansion within India’s evolving banking ecosystem.
