Bandhan Bank Appoints Debashish Mukherjee as Independent Director, Prakash E as Interim CIV
Bandhan Bank appointed Debashish Mukherjee as Independent Director, pending Ministry of Finance approval. Prakash E appointed interim Chief of Internal Vigilance for six months from February 24, 2026. Mukherjee has over 30 years of banking experience. Prakash E has 25 years of experience.
The appointment of an Independent Director and an interim Chief of Internal Vigilance are significant for corporate governance and operational oversight, thus having a medium impact on the bank's functioning.
The announcement pertains to board and management appointments, which are routine corporate actions and do not inherently suggest a positive or negative financial impact on the bank.
Bandhan Bank Limited's Board of Directors, in a meeting held on February 12, 2026, approved the appointment of Mr. Debashish Mukherjee as an Additional Director (Independent) and as an Independent Director for a term of three years, subject to Ministry of Finance approval and shareholder ratification within three months. His appointment is effective from the date of receiving approval from the Ministry of Finance, considering his cooling-off period after retiring from Canara Bank on May 31, 2025.
Mr. Mukherjee, with over three decades of banking experience across Punjab National Bank, United Bank of India, and Canara Bank, has expertise in retail and wholesale banking, credit, risk management, and international banking. He previously served as Executive Director of Canara Bank and is currently an Independent Director at Baroda Global Shared Services Limited.
Furthermore, the Board approved the interim appointment of Mr. Prakash E as the Chief of Internal Vigilance (CIV) with effect from February 24, 2026, for a period of six months or until a new CIV joins. This follows the resignation of Mr. P Ramaswamy, whose last working day will be February 23, 2026.
Mr. Prakash E brings approximately 25 years of experience, having joined Bandhan Bank in November 2022. His background includes roles in financial crime prevention at ICICI Bank and audit positions at Samsung and Chemplast Sanmar. The Board meeting commenced at 10:00 AM and concluded at 4:15 PM.
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Bandhan Bank Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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