RBI names former central banker on Bandhan Bank board to aid succession
5 months, 4 weeks ago

RBI names former central banker on Bandhan Bank board to aid succession

Live Mint  

The Reserve Bank of India has appointed a former central banker to the board of Bandhan Bank, about two weeks ahead of founder and chief executive Chandra Shekhar Ghosh’s retirement. While the bank late on Monday announced RBI’s decision to appoint retired chief general manager Arun Kumar Singh as an additional director on its board, it did not specify the rationale behind the step. A person familiar with the development said RBI’s move was likely to ensure a smooth transition at Bandhan Bank considering its succession process is still ongoing. No successor yet Analysts believe RBI’s decision to appoint Singh is to ensure proper functioning of Bandhan Bank.

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What's happening at Bandhan Bank: Jefferies' rating and target price cut, CEO steps down; stock falls 7%
8 months, 2 weeks ago

What's happening at Bandhan Bank: Jefferies' rating and target price cut, CEO steps down; stock falls 7%

Hindustan Times  

Brokerage firm Jefferies downgraded Bandhan Bank Ltd's rating to "underperform" from "buy" as the bank's managing director and chief executive officer Chandra Shekhar Ghosh said that he will quit on the completion of his tenure in early July. Bandhan Bank MD and CEO Chandra Shekhar Ghosh speaks during a press meet. Jefferies's target price for Bandhan Bank Jefferies slashed the …

Chandra Shekhar Ghosh to retire as MD & CEO of Bandhan Bank upon completion of tenure in July
8 months, 2 weeks ago

Chandra Shekhar Ghosh to retire as MD & CEO of Bandhan Bank upon completion of tenure in July

Hindustan Times  

Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Bandhan Bank MD and CEO Chandra Shekhar Ghosh speaks during a press meet. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said …

Chandra Shekhar Ghosh, MD And CEO Of Bandhan Bank, Steps Down
8 months, 2 weeks ago

Chandra Shekhar Ghosh, MD And CEO Of Bandhan Bank, Steps Down

ABP News  

Bandhan Bank on Friday announced its founder, managing director, and CEO Chandra Shekhar Ghosh has decided to step down after the completion of his tenure. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group …

Bandhan Bank CEO Chandra Shekhar Ghosh to step down when tenure ends in July
8 months, 2 weeks ago

Bandhan Bank CEO Chandra Shekhar Ghosh to step down when tenure ends in July

Live Mint  

Mumbai: Chandra Shekhar Ghosh, founder of private-sector lender Bandhan Bank will step down as managing director and chief executive when his term ends on 9 July. Big-four accounting firm EY is conducting a forensic audit on a portion of Bandhan Bank’s loan book that’s backed by government guarantees, Mint reported last December, citing two people aware of the development. It …

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