RBI Approves Dinesh Navadiya as Varachha Bank Chairman

SURAT: The Reserve Bank of India (RBI) has approved the appointment of Dinesh Navadiya as the Chairman of the Board of Management of Varachha Co-operative Bank Ltd. Following the approval, Navadiya thanked the bank’s members, depositors, customers, shareholders and Board members for their trust, calling the new role a “great responsibility.”

He said the bank would continue to strengthen its reputation for transparency, reliability and customer-centric banking while focusing on modern financial services.

“The trust reposed in me is a great responsibility. We will work together to make Varachha Co-operative Bank stronger, more modern and the first choice of customers,” Navadiya said.

Navadiya said the bank’s priorities would include good governance, strict regulatory compliance, effective risk management and the expansion of digital banking services. He also stressed the need to provide faster, safer and high-quality banking solutions.

“Our focus will remain on protecting the interests of depositors while meeting the financial needs of small traders, entrepreneurs, women, youth, professionals and general customers,” he added.

The new Chairman said the Board of Management, employees and stakeholders would work as one team to strengthen the bank’s financial foundation and contribute to the economic development of society.

He expressed confidence that, with the continued support of customers, employees and members, Varachha Co-operative Bank would achieve new milestones in growth and service excellence.