Debasish Panda Appointed as New Chairman of Bandhan Bank
RBI approves Debasish Panda's name as next Bandhan Bank chairman
The Economic Times
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The Reserve Bank of India has approved Debasish Panda as the new part-time chairman of Bandhan Bank, replacing Anup Kumar Sinha. Panda, a former IAS officer and chairman of the Insurance Regulatory & Development Authority of India, will serve a three-year term.
- 01Debasish Panda appointed as part-time chairman of Bandhan Bank.
- 02He will replace Anup Kumar Sinha, who has served since the bank's inception in 2015.
- 03Panda is a former IAS officer and has held significant positions in various financial institutions.
- 04His term will last for three years from the date he takes charge.
- 05The appointment follows RBI's approval in response to Bandhan Bank's application.
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The Reserve Bank of India (RBI) has approved the appointment of Debasish Panda as the part-time chairman of Bandhan Bank for a three-year term. Panda, an IAS officer from the 1987 batch of the Uttar Pradesh cadre, will succeed Anup Kumar Sinha, who has held the position since the bank's establishment in August 2015. Panda's extensive experience includes serving as the chairman of the Insurance Regulatory & Development Authority of India and as secretary of the Department of Financial Services from 2020 to 2022, where he played a key role in banking consolidations and financial inclusion initiatives. The Bandhan Bank board is expected to determine the official date of Panda's appointment in due course.
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Panda's leadership may influence Bandhan Bank's strategic direction and financial policies, impacting its operations and customer services.
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