Bandhan Bank appoints new director, proposes re-appointment of COO

Bandhan Bank Limited, at its board meeting on September 25, 2025, approved the appointment of Avijit Mukerji as an additional non-executive non-independent director. Mukerji, a nominee of Bandhan Financial Holdings Limited (BFHL), the bank's promoter, assumes his role effective September 25, 2025, and will be subject to shareholder approval within three months. He brings over three decades of experience in audit and assurance, previously serving as a senior partner at Price Waterhouse.

The board also recommended to the Reserve Bank of India (RBI) the re-appointment of Ratan Kumar Kesh as a whole-time director. Designated as 'executive director and chief operating officer' and key managerial personnel, his re-appointment is proposed for a further period of three years, effective March 31, 2026, or such other period as approved by the RBI. This re-appointment is contingent on approval from both the RBI and the bank's shareholders.

Neither Mukerji nor Kesh are related to other directors, nor are they debarred from holding directorial office. The board meeting commenced at 10:00 a.m. and concluded at 08:30 p.m. on September 25, 2025.