The Reserve Bank of India has extended the tenure of Shri Arun Kumar Singh as an Additional Director on the Board of bandhan bank for a period of one year effective June 24, 2026. This extension, communicated via a letter dated June 19, 2026, was granted under Section 36AB of the Banking Regulation Act, 1949. The appointment will remain valid until June 23, 2027, or until further orders, whichever is earlier.

Shri Arun Kumar Singh (DIN: 09498086) is a retired Chief General Manager of the RBI. He is not related to any other directors of the bank and is not debarred or disqualified from holding the position of director by the Securities and Exchange Board of India or any other authority. He was initially appointed as an Additional Director on June 24, 2024, for one year, which was subsequently extended before this latest approval.

Singh possesses extensive experience in the financial sector, having served the RBI for 35 years. His expertise spans banking and non-banking regulation, supervision, enforcement actions, information technology, financial inclusion, and monetary policy. He has played a key role in the first Asset Quality Review (AQR) of banks and Risk-based Supervision (RBS) processes.

Key Roles and Committees

Throughout his career, Singh has held significant positions including head of the Enforcement Department and head of Information Technology at the RBI. He has also served as the Regional Director for Rajasthan. His involvement in policy-making includes participation in committees related to operational risk, MCLR, stress testing, and financial resolution.

Previous Board Appointments

Shri Singh has previously served as an RBI nominee director on the boards of several institutions including Uttar Bihar Gramin Bank, Union Bank of India, Reserve Bank Information Technology Pvt. Ltd. (ReBIT), Reserve Bank Innovation Hub (RBIH), and the Institute for Development in Research in Banking Technology (IDRBT).

Bandhan Bank Limited has approved the sale of a Non-Performing Assets (NPA) portfolio from its Housing Finance segment to Asset Reconstruction Companies (ARCs) as part of efforts to clean up its balance sheet. The portfolio comprises loans with more than 180 Days Past Due (DPD), carrying a principal outstanding of ₹303.74 Crore as of May 31, 2026. This strategic move aims to reduce the bank's bad loan burden through a structured and transparent bidding process.

The Board of Directors granted approval for the proposed sale on Monday, June 15, 2026. The transaction will be conducted using the Swiss Challenge method — a bidding process where an initial bid is made public and third parties are invited to match or exceed it. This approach is typically employed to ensure transparency and maximize recovery value for the selling entity.

Key Details of the NPA Sale

The following table outlines the key parameters of the approved NPA portfolio sale:

Regulatory Compliance and Disclosure

The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific assets identified for sale belong to the Housing Finance Portfolio, a segment that has been under scrutiny due to rising delinquencies. By offloading these stressed assets, Bandhan Bank intends to strengthen its asset quality and free up capital for fresh lending. The bank has confirmed that the information is being simultaneously uploaded on its official website. Indranil Banerjee, Company Secretary, signed the disclosure on behalf of Bandhan Bank Limited.