MUMBAI: Bandhan Financial institution 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 Financial institution had authorised Ghosh’s reappointment for 3 years. “After main the financial institution for nearly a decade, together with three consecutive tenures as MD & CEO, I really feel that the time has now come for me to imagine a bigger strategic position on the Bandhan group degree,” mentioned Ghosh.
Ghosh’s resolution will strain 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 the town’s panorama for over 20 years, was taken over by Bandhan Workers Welfare Belief in 2021. In addition to BEWT, Angsuman Ghosh, the son of the founding father of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Providers 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 Financial institution had authorised Ghosh’s reappointment for 3 years. “After main the financial institution for nearly a decade, together with three consecutive tenures as MD & CEO, I really feel that the time has now come for me to imagine a bigger strategic position on the Bandhan group degree,” mentioned Ghosh.
Ghosh’s resolution will strain 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 the town’s panorama for over 20 years, was taken over by Bandhan Workers Welfare Belief in 2021. In addition to BEWT, Angsuman Ghosh, the son of the founding father of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Providers and a belief, one of many main diagnostics chains within the metropolis. Now, Angsuman Ghosh is on the board of this diagnostic chain.
