Bandhan Bank's MD & CEO Chandra Shekhar Ghosh To Step Down In July

Bandhan Bank announced on 5 April that its Managing Director & Chief Executive Officer, Chandra Shekhar Ghosh, will retire from his position after completing his current tenure on 9 July 2024.

Ghosh, renowned for his advocacy of financial inclusion in India, possesses over three decades of experience in the microfinance and development sectors.

Previously, on 24 November 2023, the bank's board approved Ghosh's reappointment as MD and CEO for a three-year term.

In his resignation letter attached to the regulatory filing, Ghosh stated, "After leading the Bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level. Hence, I have decided to retire from the services of Bandhan Bank at the end of my current tenure as MD & CEO, i.e., on 9 July 2024."

Reflecting on his tenure, Ghosh noted, "Despite challenges, Bandhan Bank has achieved significant milestones, with deposits amounting to Rs. 1.35 lakh crore and advances standing at Rs. 1.28 lakh crore as of 31 March 2024. The year-on-year growth has been remarkable."

He expressed gratitude towards the bank's stakeholders, stating, "The Bank's family comprises over 3 crore borrowers and depositors, and over 75,000 employees. I am indebted to each one of them for their trust and faith in the Bank under my leadership."

Ghosh expressed confidence in the bank's future, stating, "I am pleased to leave behind a robust franchise under the capable leadership team, many of whom have partnered with me in building the organisation, adhering to the same vision and values. Bandhan Bank will always hold a special place in my heart, and I will remain available for any assistance or guidance the Bank may require."