Chandra Shekhar Ghosh, set to resign as Bandhan Bank s CEO & MD, cites strong business momentum as reason and the rime being right. He plans to transition to a strategic role within the group s holding company. Speculation rises over his successor, with a search committee expected to be formed. Bandhan Bank shares see a significant drop.
Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank since 2015, will retire on July 9, 2024, after three consecutive terms. The bank s loans have reached Rs 1.28 lakh crore, showing a 17.8% growth year-on-year.
The announcement comes months after a RBI guideline authorised scheduled private sector banks as agency banks of the regulator for the conduct of government business.