MUMBAI: Bandhan Bank founder MD & CEO Chandra Shekhar Ghosh (64) has mentioned that he’ll step down from his place upon finishing his tenure on July 9, 2024.
In Nov 2023, the board of Bandhan Bank had accepted Ghosh’s reappointment for 3 years. “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 the Bandhan group level,” mentioned Ghosh.
Ghosh’s determination will stress the board to discover a successor quickly.The RBI requires banks to advocate a candidate a number of months upfront in order that the regulator can full its due diligence course of.
In 2020, RBI proposed a 10-year tenure cap for promoter CEOs. Ghosh would have accomplished 10 years as CEO in 2025. The microfinance institution-turned-bank has two senior government administrators, Rajinder Kumar Babbar and Ratan Kumar Kesh.
The group has diversified into different sectors, similar to amusement parks and healthcare. Nicco Park, an integral a part of town’s panorama for over twenty years, was taken over by Bandhan Employees Welfare Trust in 2021. Besides BEWT, Angsuman Ghosh, the son of the founder of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Services and a belief, one of many main diagnostics chains within the metropolis. Now, Angsuman Ghosh is on the board of this diagnostic chain.
In Nov 2023, the board of Bandhan Bank had accepted Ghosh’s reappointment for 3 years. “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 the Bandhan group level,” mentioned Ghosh.
Ghosh’s determination will stress the board to discover a successor quickly.The RBI requires banks to advocate a candidate a number of months upfront in order that the regulator can full its due diligence course of.
In 2020, RBI proposed a 10-year tenure cap for promoter CEOs. Ghosh would have accomplished 10 years as CEO in 2025. The microfinance institution-turned-bank has two senior government administrators, Rajinder Kumar Babbar and Ratan Kumar Kesh.
The group has diversified into different sectors, similar to amusement parks and healthcare. Nicco Park, an integral a part of town’s panorama for over twenty years, was taken over by Bandhan Employees Welfare Trust in 2021. Besides BEWT, Angsuman Ghosh, the son of the founder of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Services and a belief, one of many main diagnostics chains within the metropolis. Now, Angsuman Ghosh is on the board of this diagnostic chain.
