Mumbai : Utkarsh Small Finance Bank has appointed Manmohan Shetty as its Chief Financial Officer (CFO), strengthening its finance leadership following the elevation of former CFO Sarju Simaria as Executive Director and Whole-time Director.
The CFO search and appointment was facilitated by Venator Search Partners, a retained executive search firm specialising in leadership hiring across the BFSI sector. A qualified Chartered Accountant, Manmohan Shetty brings more than 23 years of experience across banking and financial services. He most recently served as CFO of IREP Credit Capital and previously held senior leadership positions at Barclays India, including CFO of Barclays’ non-banking finance company.
His professional experience includes financial oversight, governance, capital management, regulatory reporting and business planning across regulated financial institutions. The appointment also marks the continuation of a leadership succession process between Venator Search Partners and Utkarsh Small Finance Bank. Venator had previously facilitated Sarju Simaria’s appointment as CFO in 2022. Following Simaria’s elevation as Executive Director and Whole-time Director in 2026, Venator was entrusted with identifying his successor.
Commenting on the appointment, Deepraditya Datta, Founder, Venator Search Partners, said, “Mr. Shetty brings substantial experience across both banking and NBFC environments, along with the maturity required to manage the increasing complexity of the CFO’s office.”
He added, “What makes this mandate meaningful is the continuity of the succession process. We had facilitated Mr. Simaria’s appointment as CFO in 2022 and have now identified his successor following his elevation to Whole-time Director.”
Venator Search Partners said it has facilitated more than 59 CXO-level appointments across universal banks, small finance banks, NBFCs, housing finance companies and other financial institutions in India.
The appointment comes as small finance banks continue to focus on sustainable growth, profitability, asset quality, capital planning and regulatory compliance. Finance leadership roles are increasingly encompassing areas beyond financial reporting, including strategy, risk, governance and business execution.