In a significant development, Bandhan Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Dr. Anup Kumar Sinha as its Non-Executive Chairman. This extension of tenure, from January 7, 2025, to July 4, 2026, underscores the trust in Dr. Sinha’s leadership and the bank’s commitment to sustained growth under his guidance.
The RBI’s recent approval solidifies Dr Sinha’s pivotal role in Bandhan Bank’s governance. Initially appointed in 2019, his leadership was extended in 2021 for a 3-year term starting January 2022. With the latest re-appointment, Bandhan Bank continues to benefit from his wealth of expertise.
The re-appointment follows stringent compliance with SEBI and RBI norms, ensuring robust governance. Dr. Sinha’s extensive experience as an economist and academic aligns well with Bandhan Bank’s vision of driving inclusive growth while maintaining financial discipline.
Dr. Sinha brings a rich academic and professional background to the role. With a Ph.D. in Economics from the University of Southern California, he has taught at leading institutions, including IIM Calcutta, where he served for over 25 years. His work with NABARD, IRDAI, and various global agencies reflects his expertise in macroeconomics, financial systems, and development strategies.
As of January 03, 2025, 3: 02 PM, the shares of Bandhan Bank were trading at ₹157.68 per share with a decline of 2% from its previous day’s closing price. Over the last month, the stock has seen a decline of 10.05%.
The RBI’s approval of Dr. Anup Kumar Sinha’s re-appointment as Non-Executive Chairman reaffirms his importance to Bandhan Bank’s future. His exemplary track record and strategic insights are set to steer the bank toward greater heights in the evolving financial sector.
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