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With the initial search for the top job not yielding the desired results, the bank decided to appoint an interim MD & CEO.
Bandhan Bank said on April 5 that the lender’s MD and CEO Chandra Shekhar Ghosh will retire after completing his current tenure on July 9
On April 5, Bandhan Bank said Chandra Shekhar Ghosh will retire from the post after his tenure ends on July 9. That came as a surprise to many as earlier, on November 24, 2023, the board of the bank had approved his reappointment as the MD and CEO of the bank for a period of three years.
Jefferies says the uncertainty surrounding the appointment of a new CEO can result in slower growth and higher credit costs
Bandhan Bank said on April 5 that the lender’s MD & CEO, Chandra Shekhar Ghosh, will retire after completing his current tenure on July 9.
'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,' Ghosh said in his retirement letter attached in the regulatory filing.
The private sector lender in its regulatory filing said that the current tenure of Ghosh as the MD & CEO of the Bank would expire on July 09, 2024
Though Q3 earnings were muted, the same is set to improve in FY24; however, the stock may not see a big rally
Apurva Sircar, Bandhan Bank's marketing head and Chandra Shekhar Ghosh's fellow traveller, shared the story in a LinkedIn post.
Earnings in Q3 FY22 was mainly led by a significant fall in provisions as collection efficiency improved
The economic reforms that India has implemented, broadly, entailed the government loosening control over industrial processes (doing away with the so-called licence raj) and encouraging private sector participation in manufacturing.
The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told PTI.
The Kolkata-headquartered private sector lender Bandhan Bank is the first bank to be set up in the eastern part of India since independence.
As a strategy to grow its business, Bandhan Bank will continue to disburse a large chunk of loans as microcredit for some more time, founder and chief executive Chandra Shekhar Ghosh has said.
Bandhan Bank today cut its Marginal Cost of funds Based Lending Rate or MCLR by 148 basis points to 10.52 percent.
This would be the second meeting of the MPC headed by RBI Governor Urjit Patel after the first that happened in October, when it had cut the repo rate or short term lending rate by 0.25 percent to 6.25 percent.
N K Sahu, Regional Director, Reserve Bank of India, Jammu, inaugurated the branch in presence of Bandhan Bank MD and CEO Chandra Shekhar Ghosh here.
Bandhan Bank plans to open 180 new branches by March next year with an aim to build a pan India brand
Founder MD and CEO of Bandhan Bank Chandra Shekhar Ghosh said, "The bank has posted a decent profit despite starting operations not very long." Net interest income stood at Rs 932 crore and non-interest income at Rs 150 crore, he told reporters here today.
EY Entrepreneur of the Year 2015 recognised and rewarded India's most exceptional entrepreneurs and business leaders who have brought about a change through their exemplary work, sheer grit and determination. Celebrating the success stories of these winners is the Passion to Win series showcasing India's best innovators and game changers.
The Budget for fiscal year 2016-17 has brought back the focus to rural economy and rightly so as this segment has been experiencing a tough time following two years of insufficient monsoon, says Chandra Shekhar Ghosh, Founder, MD and CEO, Bandhan Bank.
Watch the interview of Chandra Shekhar Ghosh, Chairman and MD of Bandhan with Anant Rangaswami on CNBC-TV18, in which he shared his plans and the fact that this is the first big brand to be launched in Bengal in ages.
Newly-launched Bandhan Bank will fund lakhs of small and medium entrepreneurs, create jobs and act as a response to agrarian poverty, Finance Minister Arun Jaitley said today.
These branches will be operational from August 23 the same day the bank commences its nationwide operations. Bandhan Bank is all set to start with a Rs 11,000-crore book, capital of Rs 3,200 crore, 500-600 branches and 250 ATMS across India.
