RBI Approves Bandhan Bank's Appointment Of Whole-Time Director For A 3-Year Term

Private-sector lender Bandhan Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Rajinder Kumar Babbar as Whole-Time Director, designated as Executive Director, for a three-year term.

Babbar, currently serving as the Group Head – Transportation, Infrastructure, and Tractor Finance Group at HDFC Bank, brings 35 years of banking experience to the role. His tenure is set to commence within three months of the RBI approval date (17 January 2023). The proposal for Babbar's appointment will be presented to the NRC and the Board for consideration and approval in due course.

Before HDFC Bank, he played key roles at Centurion Bank, Bank of Punjab, and Central Bank of India, showcasing leadership in rural banking and growth strategies.

The 56-year-old banker holds a Bachelor of Science, LLB, LLM in Corporate Law & Criminal Law, and is currently pursuing a PhD from NMIMS, Mumbai. He has also completed a leadership development programme from IIM Ahmedabad.