Bandhan Bank on Tuesday said the Reserve Bank of India has appointed Arun Kumar Singh, a retired chief general manager at the central bank, as a director on the board of the bank.
The appointment comes when the city-based private sector lender is set to see a rejig at the top management with its current MD and CEO Chandra Shekhar Ghosh retiring on July 9 after spending nearly a decade, including three consecutive terms, at the helm.
In a stock exchange filing, Bandhan Bank said Singh has been inducted as an additional director on its board for a period of one year from June 24, 2024, to June 23, 2025.
Singh, 60, has a working experience of almost 36 years with the RBI and has worked in various capacities in the field of non-banking supervision and regulation, banking supervision and regulation, financial inclusion, monetary policy, information technology, enforcement actions against banks and non-banks and government banking.
He has also served as the RBI nominee director on the board of five banking and non-banking entities and had a three-year stint as the regional director for Rajasthan.
Meanwhile, a search committee has been formed and it has appointed head-hunters to propose a suitable candidate for the post of MD and CEO of Bandhan Bank with Ghosh looking to assume a larger strategic role at the group level.
Bandhan Bank scrips at ₹203.50 were down 2.05 per cent over the previous close on the Bombay Stock Exchange on Tuesday.
