MUMBAI:
RBI
has appointed its retired chief general manager
Arun Kumar Singh
as additional
director
on the board of
Bandhan bank
for a year from June 24. The
appointment
comes just over a fortnight before the term of Chandrashekhar Ghosh, founder & CEO of Bandhan Bank, ends. The bank is still in the process of finalising a successor for Ghosh. Singh, aged 60 years, has experience of almost 36 years in RBI.
The RBI said that it has invoked its powers under Section 36AB of the Banking Regulation Act. In the past, RBI had earlier appointed chief general manager Yogesh Dayal as an additional director on the board of RBL Bank invoking its powers under Section 36AB. The appointment in RBL Bank was also made at a time when the bank had not identified a successor for Vishwavir Ahuja the outgoing CEO of the bank.
We also published the following articles recently
RBI governor asks banks to stop ‘mindless pursuit of profit’
RBI Governor Das urges banks to prioritize risk management over profits at College of Supervisors event. Emphasizes proactive crisis prevention measures amidst record bank profits and Nifty Bank Index growth.
Stop mindless pursuit of profit: RBI governor Shaktikanta Das to banks
RBI governor Shaktikanta Das emphasizes banks to prioritize risk management over profit pursuit at an event hosted by the College of Supervisors. The Nifty Bank Index reaches a record high amidst concerns of hidden vulnerabilities in profit-driven models.
Bank of Baroda appoints tennis sensation Nagal as brand endorser
Bank of Baroda signed Sumit Nagal as brand endorser, supporting emerging Indian sportspersons. Nagal, highest-ranked Indian singles tennis player, achieved World No. 71, qualified for Paris Olympics, and won ATP Challenger singles titles.