Bandhan Bank, a prominent private sector lender, has announced the appointment of Ratan Kumar Kesh as interim Managing Director and Chief Executive Officer (CEO), effective July 10. This decision follows the impending retirement of Chandra Shekhar Ghosh, the current MD and CEO, scheduled for July 9.
The board of directors of Bandhan Bank, in a meeting held recently, approved Kesh’s appointment after receiving the necessary approval from the Reserve Bank of India (RBI) and upon recommendation from the Nomination and Remuneration Committee. Kesh, who currently serves as the Executive Director and Chief Operating Officer (COO) of the bank, will assume the interim leadership role for a period of three months or until a permanent MD & CEO is appointed, whichever comes earlier.
Prior to joining Bandhan Bank in March 2023, Kesh held senior positions at major financial institutions including ICICI Bank, HDFC Bank, Yes Bank, and Axis Bank. His extensive experience in the banking sector positions him well to lead Bandhan Bank through this transition period.
In April, the founder of Bandhan Bank, Chandra Shekhar Ghosh, had announced his retirement upon completing his third tenure as MD & CEO. Despite stepping down from his executive role, Ghosh will continue to play a significant strategic role at the group level.
The appointment of Ratan Kumar Kesh underscores Bandhan Bank’s commitment to ensuring smooth leadership continuity and operational stability during this period of leadership transition.