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Bandhan Bank s managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months to identify his successor.
He has also written to his employees, asking them not to worry over his surprise decision. Whatever, our experience in the earlier selections, when we selected two executive directors on the basis of that experience we need a minimum three months of time for selection of candidates and then it will go to RBI and then whatever is the time taken by RBI for approval, Ghosh said.
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Explaining the rationale behind this sudden decision to step down, Ghosh clarified that it was a voluntary decision and that the RBI had no role to play in this.