Magazine : 
RBI Selects Arun Kumar Singh as Additional Director on Bandhan Bank Board
The Reserve Bank of India (RBI) has appointed Arun Kumar Singh, a retired Chief General Manager of the RBI, as an additional director on the Board of Bandhan Bank. His term will span from June 24, 2024, to June 23, 2025. This appointment comes in anticipation of the upcoming retirement of Bandhan Bank's Managing Director and CEO, Chandra Shekhar Ghosh.
Bandhan Bank announced this development in a communication to stock exchanges, noting Singh's one-year term. Singh brings nearly 36 years of experience at the RBI, where he has held various positions in Non-Banking Supervision & Regulation, Banking Supervision & Regulation, Financial Inclusion, and Monetary Policy.
Chandra Shekhar Ghosh is set to retire from his role on July 9, 2024, after which he will take on a larger strategic role within the Bandhan Group. The bank has engaged the recruitment firm Egon Zehnder to assist in finding a new CEO.
Arun Kumar Singh's extensive career includes work in departments such as Information Technology, Enforcement Actions, and Government Banking. Additionally, he has served as an RBI nominee director on the boards of five banking and non-banking entities. Singh also completed a three-year tenure as Regional Director for the State of Rajasthan.
Bandhan Bank, based in Kolkata, is managing this leadership transition amid ongoing strategic growth. Singh's appointment is expected to enhance the bank's governance and support its commitment to regulatory compliance and operational excellence.
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