The Reserve Bank of India has granted approval for the re-appointment of Chandra Shekhar Ghosh as MD and CEO of Bandhan Bank, for a period of three years. The re-appointment as above is subject to the approval of shareholders at the ensuing annual general meeting of the bank.
Ghosh, who has been one of the foremost proponents of microfinance in India, founded Bandhan in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. He was at the forefront of its transformation into an NBFC-MFI and finally the universal bank.
Important takeaways for all competitive exams:
- Bandhan Bank HQ: Kolkata, West Bengal.
- Bandhan Bank Founded: 2001.