Bandhan Bank has appointed former IRDAI Chairman Debasish Panda as its Non-Executive Chairman and Independent Director, effective July 05, 2026. The appointment, approved by the Board of Directors on June 25, 2026, is for a term of three consecutive years and is subject to shareholder approval within three months of the joining date. This strategic leadership change follows the prior approval granted by the Reserve Bank of India for Panda's appointment as Part-Time Chairman.

Debasish Panda (DIN: 06479085), a 1987 batch IAS officer, brings over three decades of experience across finance, insurance, and public policy. He served as Chairman of IRDAI from 2022 to 2025 and as Secretary, Department of Financial Services, from 2020 to 2022. His tenure at IRDAI was marked by the 'Insurance for All by 2047' vision, while his role in the DFS involved leading banking consolidations and financial inclusion initiatives. Panda has also held directorships on the boards of the Reserve Bank of India, State Bank of India, and Bank of Baroda.

The appointment fills the vacancy created by the departure of Dr. Anup Kumar Sinha, who will complete his tenure as Non-Executive Part-Time Chairman and Independent Director on July 04, 2026. The Board acknowledged Dr. Sinha's contributions during his service. Panda is unrelated to the other directors of the bank and holds no disqualification from holding the office of director from SEBI or any other authority.

Capital Plan Assessment

Separately, the Board reviewed the bank's capital plan and concluded that the institution is currently well capitalised and does not require immediate additional capital infusion. However, to support envisaged future growth, the Board has advised in-principle that the bank may initiate discussions for raising capital. Appropriate disclosures will be made to the stock exchanges in accordance with SEBI LODR regulations as and when required.

Key Appointments and Dates

Bandhan Bank has scheduled a meeting of its Board of Directors for Thursday, June 25, 2026, to review and consider the Capital Plan of the bank. The decision to evaluate the capital strategy comes as the lender seeks to align its financial resources with regulatory requirements and business objectives.

The meeting is being convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events, including board meetings where significant decisions regarding capital structure and financial planning are on the agenda.

Agenda and Regulatory Compliance

The primary agenda item for the upcoming board meeting is the review and consideration of the Capital Plan. While specific details of the plan were not disclosed in the regulatory filing, such deliberations typically encompass fund-raising avenues, capital adequacy ratios, and long-term financial structuring.

The intimation was submitted to BSE Limited and the National Stock Exchange of India Limited to ensure compliance with listing agreements. The filing was signed by Indranil Banerjee, Company Secretary of Bandhan Bank Limited.

Key Meeting Details

The following table summarises the key details of the scheduled board meeting: