Chandra Shekhar Ghosh to step down as MD & CEO of Bandhan Bank on 9th July

Chandra Shekhar Ghosh

Chandra Shekhar Ghosh, Bandhan Bank’s Managing Director and Chief Executive Officer, to step down from his current term, ending on July 9, 2024, said Bandhan Bank.

Ghosh, who also founded Bandhan Bank, has been a leading proponent of financial inclusion in India. He has almost 30 years of expertise in the microfinance and development sector.

Previously, on November 24, 2023, the bank’s board of directors accepted Chandra Shekhar Ghosh’s reappointment as MD and CEO for a three-year term.

Also Read | Bandhan Bank names Rajeev Mantri as Chief Financial Officer

“After leading the Bank for almost a decade including three consecutive tenure 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 July 09, 2024,” Ghosh said in his resignation letter attached in the regulatory filing.

“Notwithstanding the challenges, in almost 9 years, Bandhan Bank has garnered Rs. 1.35 lakh crore as deposits and advances stand at Rs. 1.28 lakh crore as on March 31, 2024. Year-on-year growth has been impressive,” he added.

“The Bank’s family has over 3 crore borrowers and depositors and over 75000 employees now. I am indebted to each one of them who have reposed faith and trust in the Bank under my leadership, ” mentioned Ghosh.

“I feel happy to leave behind a strong franchise in the hands of a capable leadership team, many of whom have partnered me in building the organization, brick by brick, sharing the same vision and values. Bandhan Bank will always enjoy a special place in my heart, and I will always be available for any help or advice the Bank may need, he added.

Also Read | Bandhan Bank names Santosh Nair as Head of customer Lending & Mortgages

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