Bandhan Bank appoints Ratan Kumar Kesh as interim MD & CEO

Bandhan Bank's board of directors has approved the appointment of Ratan Kumar Kesh as the interim Managing Director and Chief Executive Officer, effective July 10, for a tenure of three months, according to a Bombay Stock Exchange filing dated July 6. Kesh, who has been serving as an Executive Director and the Chief Operating Officer, will take over from Chandra Sekhar Ghosh, who is stepping down from his managerial role on July 9.

Chandra Sekhar Ghosh, the founder and current MD and CEO, expressed his intent to transition to a strategic role at the holding company level, citing his extensive involvement in the bank's operational development. Despite the bank's board approving the extension of his tenure in November 2023, the Reserve Bank of India has not cleared the reappointment.

Ratan Kumar Kesh brings expertise in operations, technology, transaction banking, product, affluent banking, operations risk, enterprise governance, intelligent automation, digital, customer experience, and organizational transformation.

In addition, Bandhan Bank recently launched a range of enhanced trade products aimed at increasing confidence in global transactions. "The enhanced trade products launched are in line with our vision. The new products underscore our long-standing commitment to innovation and customer-centricity, and truly being a bank for all," said Chandra Sekhar Ghosh.

Bandhan Bank shares closed 0.07% higher at ₹204.45 on July 8, compared to ₹204.30 on July 5.