Bandhan Bank Appoints New Chairman Following RBI Approval

Bandhan Bank Receives Approval for New Chairman

The Reserve Bank of India (RBI) has granted prior approval for the appointment of Debasish Panda as the part-time chairman of Bandhan Bank for a period of three years. The approval, dated April 22, is effective from the date Panda assumes charge, subject to compliance with conditions specified by the regulator.

According to a regulatory filing, the proposal for Panda's appointment will be placed before Bandhan Bank's Nomination and Remuneration Committee (NRC) and the Board for consideration and approval in due course. Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, has a strong background in the financial sector. He previously served as chairman of the Insurance Regulatory and Development Authority of India (IRDAI) between 2022 and 2025.

Panda has also held key roles, including Secretary, Department of Financial Services, where he was involved in banking consolidation and financial inclusion initiatives. Additionally, he has served on the boards of the RBI, State Bank of India, Bank of Baroda, and Life Insurance Corporation of India.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The current non-executive chairman, Anup Kumar Sinha, is scheduled to end his term on July 4, 2026. With the RBI's approval in place, Panda is poised to take on the new role at Bandhan Bank.