Bandhan Bank CEO Chandra Shekhar Ghosh to retire in July

Bandhan Bank Managing Director and Chief Executive Officer (MD & CEO) Chandra Shekhar Ghosh would retire after the completion of his current tenure on July 9, the lender said in a regulatory filing.

 Ghosh has led the bank since July 10, 2015. Upon his retirement, he will play a strategic role at the holding company level, Bandhan Financial Services Ltd (BFSL), which owns 40 per cent in the lender and has stakes in life insurance and mutual fund ventures.

The screening and selection committee of the board will start the process of selecting the probable candidates and recommend to the Reserve Bank of India (RBI) for approval, sources said. According to norms, a bank has to send at least two candidates in the order of preference for approval.