The Board of Directors of AU Small Finance Bank Limited (AUSFB) at its meeting held on April 1, 2024, approved designating Mr. Uttam Tibrewal, Whole Time Director at AUSFB as Whole Time Director and Deputy CEO of AUSFB with effect from April 1, 2024 and appointment of Mr. Rajeev Yadav, as Deputy CEO and categorising him as Senior Management Personnel (SMP) with effect from April 1, 2024. Mr. Rajeev Yadav holds a bachelor's degree in technology from the Indian Institute of Technology, Kanpur, and a post graduate diploma in management from the Indian Institute of Management, Ahmedabad. He has over three decades of diversified experience including 25 years in financial services.

At Fincare Small Finance Bank, as the founding MD & CEO, he has played a key role devising business, digital and operating strategies and their implementation at launch and successful execution over the years delivering strong financial returns, along with building a strong risk and compliant framework at Fincare. Previously, as the CEO of Fincare platform that included two rural-focused NBFC-MFIs and a bank partnership entity, he was instrumental in scaling up the platform profitably and diversifying new products and business lines. He has also worked as India CEO at GE Money and served as the CMO and BD Head for GE Capital India, and as Business Leader for home loans and loans against property with GE Money.

Besides financial services, he had worked in the telecom and electric design automation industries in India and US in the past. In accordance with the Reserve Bank India (RBI) approval dated March 4, 2024, AU Small Finance Bank (AU SFB) announced the amalgamation of Fincare Small Finance Bank (Fincare SFB) with and into AU SFB, effective April 1, 2024.