The Reserve Bank of India (RBI) has approved the re-appointment of Ajay Kanwal as the managing director and CEO of Jana Small Finance Bank for three years.

Kanwal’s new tenure will be from 21 March 2024 till 20 March 2027.

Kanwal has more than 33 years of experience in financial services and has held various leadership positions in his banking career. He has launched several strategic growth initiatives while building and managing diverse teams across geographies, the small finance bank said in a statement. 

He was a senior adviser to private equity firm TPG Capital and global payments company Mastercard. 

Kanwal holds a bachelor’s degree in engineering in electronics and telecommunication from Marathwada University and a master’s degree in management studies from the University of Bombay.