ESAF Small Finance Bank has appointed Karthikeyan Manickam, a former executive director of Bank of India, as its chairman.

Manickam possesses expertise across key areas, including banking operations, risk management, regulatory compliance, human resources management and credit monitoring and recovery, the bank said in a release.

As chairman, he will provide strategic guidance and independent oversight to the board, it added.

Manickam has also served on the boards of Tamil Nadu Grama Bank and BOI STAR Investment Managers, and was the Chairman of Star Union Dai-ichi Life Insurance Company (SUD Life).