Kolkata: Sa-Dhan, the Reserve Bank of India (RBI)-recognised Self-Regulatory Organisation (SRO) for the microfinance sector, has elected K. Paul Thomas, Managing Director & Chief Executive Officer of ESAF Small Finance Bank, as its new Chairman.
The appointment was announced during Sa-Dhan’s Annual General Meeting (AGM) held in Kolkata, where members also elected new board members and approved the organisation’s budget for FY27.
K. Paul Thomas succeeds the outgoing leadership at a time when the microfinance industry is focused on strengthening governance, improving portfolio quality, and promoting responsible lending practices. His appointment is expected to further enhance collaboration among microfinance institutions, small finance banks, NBFC-MFIs, and other financial inclusion stakeholders.
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Sa-Dhan serves as the apex industry association for India’s microfinance ecosystem, representing a wide range of institutions working to expand access to financial services for low-income households and underserved communities. As an RBI-recognised SRO, the organisation plays a key role in promoting ethical business practices, regulatory compliance, customer protection, and sustainable sector growth.
The AGM also witnessed the election of new board members, reflecting the organisation’s continued focus on strengthening governance and supporting the evolving needs of the microfinance sector.
With K. Paul Thomas assuming the role of Chairman, Sa-Dhan is expected to continue working closely with regulators, financial institutions, and industry stakeholders to foster responsible finance, financial inclusion, and long-term stability in India’s microfinance ecosystem.
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