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MUMBAI: Bandhan Financial institution founder MD & CEO Chandra Shekhar Ghosh (64) has stated that he’ll step down from his place upon finishing his tenure on July 9, 2024.
In Nov 2023, the board of Bandhan Financial institution had permitted Ghosh’s reappointment for 3 years. “After main the financial institution for nearly a decade, together with three consecutive tenures as MD & CEO, I really feel that the time has now come for me to imagine a bigger strategic function on the Bandhan group stage,” stated Ghosh.
Ghosh’s determination will stress the board to discover a successor quickly.The RBI requires banks to suggest a candidate a number of months prematurely in order that the regulator can full its due diligence course of.
In 2020, RBI proposed a 10-year tenure cap for promoter CEOs. Ghosh would have accomplished 10 years as ceo in 2025. The microfinance institution-turned-bank has two senior govt administrators, Rajinder Kumar Babbar and Ratan Kumar Kesh.
The group has diversified into different sectors, corresponding to amusement parks and healthcare. Nicco Park, an integral a part of town’s panorama for over twenty years, was taken over by Bandhan Workers Welfare Belief in 2021. Apart from BEWT, Angsuman Ghosh, the son of the founding father of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Companies and a belief, one of many main diagnostics chains within the metropolis. Now, Angsuman Ghosh is on the board of this diagnostic chain.
In Nov 2023, the board of Bandhan Financial institution had permitted Ghosh’s reappointment for 3 years. “After main the financial institution for nearly a decade, together with three consecutive tenures as MD & CEO, I really feel that the time has now come for me to imagine a bigger strategic function on the Bandhan group stage,” stated Ghosh.
Ghosh’s determination will stress the board to discover a successor quickly.The RBI requires banks to suggest a candidate a number of months prematurely in order that the regulator can full its due diligence course of.
In 2020, RBI proposed a 10-year tenure cap for promoter CEOs. Ghosh would have accomplished 10 years as ceo in 2025. The microfinance institution-turned-bank has two senior govt administrators, Rajinder Kumar Babbar and Ratan Kumar Kesh.
The group has diversified into different sectors, corresponding to amusement parks and healthcare. Nicco Park, an integral a part of town’s panorama for over twenty years, was taken over by Bandhan Workers Welfare Belief in 2021. Apart from BEWT, Angsuman Ghosh, the son of the founding father of Bandhan, was additionally an investor in Nicco.
Later, in 2023, the group acquired a controlling stake in Quadra Medical Companies and a belief, one of many main diagnostics chains within the metropolis. Now, Angsuman Ghosh is on the board of this diagnostic chain.
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2024-04-05 21:51:02
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