RBI gives approval to re-appointment of CS Ghosh as MD & CEO of Bandhan Bank for three years

Notably, the Kolkata-based non-public sector lender began operations on August 23, 2015, and it was the primary occasion of a microfinance entity reworking right into a common financial institution in India.

The Reserve Financial institution of India has granted approval for re-appointment of Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, for a interval of three years.

The RBI vide its communication dated June 8 has granted approval for re-appointment of Ghosh for a interval of three years, with impact from July 10, 2021, Bandhan Financial institution stated in a inventory alternate submitting. “The re-appointment as above is topic to the approval of shareholders on the ensuing annual basic assembly of the financial institution,” the submitting learn.

Notably, the Kolkata-based non-public sector lender began operations on August 23, 2015, and it was the primary occasion of a microfinance entity reworking right into a common financial institution in India. The board of administrators of the financial institution at its assembly held November 2, 2020 accepted the re-appointment of Ghosh because the MD & CEO of the financial institution for a interval of 5 years with impact from July 10, 2021, topic to approval of the RBI and the shareholders.

Ghosh, who has been one in all foremost proponents of microfinance in India, based Bandhan in 2001 as a not-for-profit enterprise that stood for monetary inclusion and ladies empowerment by sustainable livelihood creation. He was on the forefront of its transformation into an NBFC-MFI and at last the common financial institution.