CFO Jain Small Bank Bank Small passes after sudden heart attack

The Small Finance Bank announced on Wednesday with deep sorrow for the death of the sudden financial manager, Vimal Jain, who died on September 10, 2025, after the arrest of the heart.

In an official statement, the bank said: “With deep sadness and tremendous sadness, we reach the demise of Mr. Vimal Jain, the bank’s financial director, on September 10, 2025.”

Jin has been associated with the Small Finance Bank since 2010, as it has contributed more than 15 years of customized service. The bank described it as “the organization’s pillar of the organization, financing and accounts, providing decisive leadership throughout its career.”

The bank described its disappearance “an irreplaceable loss”, the bank expressed its heartfelt condolences to its family and colleagues.

The statement also indicated that the bank has started steps to ensure a temporary caliphate and will keep the organizers, including RBI and Sebi, are aware of what is in line with the applicable requirements.

Ujjivan Small Finance Bank Universal

Ujjivan Small Finance Bank hopes that the Indian Reserve Bank (RBI) will make a decision regarding its request to obtain a global bank license by December, the administrative director Sanjeev Nautiyal said.

RBI issued small financial bank licenses to 10 applicants in 2016, including Equitas Small Finance Bank, AU Small Finance Bank, and Ujjivan Small Finance Bank, to enhance financial inclusion through mandatory rural branches and small ticket loans. Unlike small financial banks, global banks can provide a wide range of services, including large loans to companies and investment and insurance banking services.

“Our internal evaluation is that RBI may reach a decision by December. It may be yes, or it may be no … the schedule may also extend until after December, because it is eventually up to the regulatory,” said Sanjif Notel Lamti on Monday.

In August, AU Small Finance Bank became the first lend in a decade to get RBI’s approval in principle to move to a global bank.

In 2024, RBI’s eligibility standards for such transformations, which require small, listed financial banks to have a minimum of 1,000 rupees, a busy record over the past two years, and at least five years of operations. Ujjivan Small Finance Bank, based in Bangaluru, has submitted a global license in February and is currently waiting for the organizer’s decision.