Bandhan Bank Board Recommends Re-appointment of ED & CBO, Approves CCO Extension
Bandhan Bank's Board has recommended the re-appointment of Mr. Rajinder Kumar Babbar as Executive Director & Chief Business Officer for three years from March 8, 2027, pending RBI and shareholder approvals. The Board also approved the re-appointment of Mr. Amitava Goswami as CCO for three years from November 29, 2026, and appointed Mr. Nitin Arora as Chief of Internal Vigilance from September 22, 2026.
The re-appointment and extensions of key leadership roles like Executive Director, Chief Compliance Officer, and Chief Audit Executive are important for the operational stability and governance of the bank. The appointment of a new Chief of Internal Vigilance also strengthens internal controls.
The announcement details the re-appointment and extension of key managerial personnel, indicating stability and continuity in the bank's leadership, which is generally viewed positively by the market.
Bandhan Bank Limited announced the outcomes of its Board Meeting held on September 05, 2026. The Board has recommended the re-appointment of Mr. Rajinder Kumar Babbar as a Whole-time Director, designated as Executive Director and Chief Business Officer, for a further period of 3 years, effective March 08, 2027. This re-appointment is subject to approvals from the Reserve Bank of India (RBI) and the Bank's shareholders.
In other key decisions, the Board approved the re-appointment of Mr. Amitava Goswami as the Chief Compliance Officer (CCO) for a further period of three years, effective November 29, 2026. Furthermore, the term of Mr. Sandip Kumar Bubna as the interim Chief Audit Executive (CAE)/Head of Internal Audit (HIA) has been extended by four months, until February 26, 2027, or until a new CAE joins, whichever is earlier.
The Board also approved the appointment of Mr. Nitin Arora as the new Chief of Internal Vigilance (CIV) for a period of 3 years, effective from his joining date of September 22, 2026. Upon Mr. Arora's joining, Mr. Prakash will cease to be the Interim CIV.
The Board Meeting commenced at 10:00 AM and concluded at 07:05 PM. Brief profiles of the key management personnel whose appointments or re-appointments were decided have been enclosed with the filing.
A plain-language summary of a public exchange filing by Bandhan Bank Limited. Read the original for the full detail.
