Bandhan Bank Limited has informed the Exchange about the RBI prior approval for appointment of Part-time Chairman
BANDHANBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bandhan Bank has received RBI approval for appointment of Mr. Debasish Panda as Part-Time Chairman for 3 years. Mr. Panda is a 1987 batch IAS officer with over 30 years of experience, having served as IRDAI Chairman (2022-2025) and Secretary, Department of Financial Services (2020-2022). The appointment proposal will be placed before the Nomination and Remuneration Committee (NRC) and Board for final consideration and approval. This marks a significant governance transition as the Bank seeks to appoint a new Chairman with extensive regulatory and policy experience.
Positive signal for governance as RBI approval indicates regulatory comfort with the candidate. The appointment of an experienced former regulator like Mr. Panda could boost investor confidence in the Bank's leadership and regulatory compliance.