RBI: RBI appoints Arun Kumar Singh as additional director on Bandhan Bank board | India Business News

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MUMBAI: RBI has appointed its retired chief normal supervisor Arun Kumar Singh as additional director on the board of Bandhan financial institution for a 12 months from June 24. The appointment comes simply over a fortnight earlier than the time period of Chandrashekhar Ghosh, founder & CEO of Bandhan Bank, ends. The financial institution continues to be within the strategy of finalising a successor for Ghosh. Singh, aged 60 years, has expertise of just about 36 years in RBI.
The RBI stated that it has invoked its powers beneath Section 36AB of the Banking Regulation Act. In the previous, RBI had earlier appointed chief normal supervisor Yogesh Dayal as an additional director on the board of RBL Bank invoking its powers beneath Section 36AB. The appointment in RBL Bank was additionally made at a time when the financial institution had not recognized a successor for Vishwavir Ahuja the outgoing CEO of the financial institution.

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Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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