Bandhan Bank Limited — Others, 26-11-2024: Shareholders meeting

Bandhan Bank has announced a board meeting to seek shareholder approval via postal ballot for key appointments and term extensions. Notably, the term of Mr. Ratan Kumar Kesh as Interim Managing Director & CEO is proposed to be extended from October 10 to October 31, 2024. Additionally, Mr. Partha Pratim Sengupta is set to be appointed as a Director and the new Managing Director & CEO for three years starting November 1, 2024. The proposed remuneration for Mr. Sengupta includes a total fixed pay of ₹3.4 crore per annum. This strategic move aims to stabilize leadership, setting a positive outlook for the bank’s governance as it transitions to new management.