Kochi , June 23: Dr. K. Paul Thomas, Managing Director & CEO of ESAF Small Finance Bank, has been elected as the Chairman of Sa–Dhan, the Reserve Bank of India -recognised Self-Regulatory Organisation for microfinance and the apex association of microfinance and impact finance institutions in the country. The election took place during Sa–Dhan‘s Annual General Meetingheld in Kolkata, where members also approved the financial statements for FY 2025–26 and the budget for FY 2026–27.
Expressing his gratitude on the appointment, Dr. K. Paul Thomas said,
“I am honoured to lead Sa–Dhan at this important juncture for the microfinance sector. Together with the Board and member institutions, we will continue to strengthen responsible microfinance, foster innovation in financial inclusion, and build a stronger ecosystem that promotes inclusive and sustainable growth.”
The AGM also elected H. P. Singh, Chairman & Managing Director of Satin Creditcare Network Ltd., and Mukul Jaiswal, MD, Cashpor, Micro Credit, as new members of the Board. G. Kiran Kumar, Executive Director & CEO of Svamaan Financial Services Pvt. Ltd., was elected as Treasurer. Sa–Dhan is the RBI-recognised SRO for the microfinance sector, representing institutions committed to advancing financial inclusion and responsible lending practices across India.