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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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.