I&M Bank Announces Death of Its Former CEO and Senior General Manager

I&M Bank has announced the passing of two of its most influential figures- its Founding Chief Executive Officer, A.V. Chavda, and retired Senior General Manager R.V. Narasimhan marking a profound moment of loss for the institution.

Both leaders passed away on February 21, 2026, leaving behind legacies deeply woven into the Bank’s history and growth.

Mr. Chavda, who was born on December 29, 1941, served as the Founding Chief Executive Officer of I&M Bank Kenya.

During the Bank’s formative years, he provided steady and visionary leadership that shaped its credit philosophy, strengthened governance structures, and embedded a culture of prudence and excellence.

In a statement, the Bank described him as “a pioneering leader whose vision, discipline and unwavering integrity laid the foundation for the institution we are today.”

Even after retiring from executive office, Mr. Chavda remained actively involved in the Bank’s affairs, serving in various Group Board roles and mentoring successive generations of leaders.

“To many within I&M Bank, he was more than a leader. He was a mentor, a teacher, and a source of inspiration,” the statement read, adding that his influence remains “indelibly woven into the strength of I&M Bank.”

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Funeral Arrangements

The funeral and cremation will be held on Tuesday, February 24, 2026.

The last rites will take place at the family residence at 9:00 a.m., with the cortege departing from Acacia Court Apartments on Mwingi Road at 10:00 a.m. for cremation at Hindu Shamshan Bhumi, Kariokor, Nairobi.

Evening prayers will be held at Shree Jalaram Satsang Mandal in Parklands from 7:30 p.m. to 8:30 p.m.

Mr. Chavda is survived by his wife Nalini Chavda, his sons Kamalkant and Sagar, daughters-in-law Roslyn and Virginie, and his grandchildren.

Tribute to R.V. Narasimhan

Mr. Narasimhan, born on January 4, 1939, was one of the pioneering employees of Investments and Mortgages- the institution that would later become I&M Bank.

He rose to serve as Senior General Manager and played a foundational role in building the Bank’s operational and institutional framework.

He passed away in Bangalore, India, after a short illness.

The Bank described him as “a thorough banker, a man of immense knowledge, integrity and discipline, and a respected mentor to many.”

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His meticulous attention to detail and unwavering commitment to excellence were credited with laying part of the strong foundation upon which the Bank stands today.

“His work ethic, integrity and commitment to excellence remain part of his enduring legacy within I&M Bank,” the Bank said.

Mr. Narasimhan is survived by his wife Vijaya Narasimhan, his children Bhanu and Satish, their spouses, and his grandchildren.

A Lasting Legacy

In its tribute, I&M Bank said it honours the lives, contributions and enduring impact of both leaders.

“We are deeply grateful for the years they devoted to building and shaping this institution. Their legacies will endure in the leaders they mentored, the values they championed, and the Bank they helped build,” the statement read.

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I&M Bank announces death of its former CEO and General manager
PHOTO/I&M Bank