Bandhan Bank Ltd., the Kolkata-based private lender, announced that the Reserve Bank of India (RBI) has appointed Arun Kumar Singh as an additional director on its board. This appointment is for a one-year period until June 2025.
Arun Kumar Singh, previously a Chief General Manager at the RBI, brings over three-and-a-half decades of experience at the central bank. He has also served as the RBI’s nominee director on the boards of five banking and non-banking entities.
Banking sources told CNBC-TV18 that the RBI appointed Singh to ensure a smooth leadership transition at Bandhan Bank. This decision comes just two weeks before the retirement of the incumbent Managing Director and CEO, Chandra Shekhar Ghosh, on July 9. The sources emphasized that there are no material concerns behind this appointment.
As of 10:26 AM, Bandhan Bank shares were trading 1.56% lower at ₹204.69 on the NSE.
