Bandhan Bank has received regulatory approval for a key leadership re-appointment, marking a significant milestone in its governance structure. The Reserve Bank of India has granted approval for the re-appointment of a senior executive, while the bank had earlier announced the addition of a new director to its board.

RBI Grants Approval for Executive Director Re-appointment

The Reserve Bank of India, through its letter dated December 26, 2025, has granted approval for the re-appointment of Ratan Kumar Kesh as Executive Director of Bandhan Bank. The approval comes in continuation to the bank's earlier disclosure dated September 25, 2025, regarding the board's recommendation for his re-appointment.

The re-appointment is subject to shareholder approval, and Kesh will continue in his role as Chief Operating Officer and Key Managerial Personnel of the bank.

Leadership Profile and Experience

Kesh brings extensive banking experience to his continued role at Bandhan Bank. His professional background includes:

• 27 years of comprehensive banking experience across various domains
• Leadership roles in Technology, Digital and Transaction Excellence, Operations, and Customer Experience at Bandhan Bank
• Served as Interim MD&CEO of Bandhan Bank from July to October 2024
• Recognition among India's top 25 Emerging Tech Leaders by BIOCON Network in collaboration with MeitY

Earlier Board Addition

Prior to the RBI approval, Bandhan Bank had announced the appointment of Avijit Mukerji as Additional Non-Executive Non-Independent Director, effective September 25, 2025. Mukerji, a nominee of Bandhan Financial Holdings Limited, brings over three decades of audit and assurance experience, including his former role as senior partner at PricewaterhouseCoopers India.

Regulatory Compliance and Governance

Both appointments reflect the bank's commitment to maintaining strong governance standards. Kesh is not related to any other board members and faces no regulatory disqualifications for his position. The bank has ensured compliance with SEBI LODR regulations through timely disclosures to stock exchanges.

These leadership developments position Bandhan Bank to continue its focus on technology, digital transformation, and operational excellence in the competitive banking sector.

Bandhan Bank Limited has made a significant move in its investment portfolio by selling a substantial portion of its stake in YES Bank Limited. The transaction, which took place on September 17, 2025, involved the sale of 15,39,34,975 equity shares of YES Bank to SUMITOMO MITSUI BANKING CORPORATION at a price of Rs. 21.50 per share.

Transaction Details

The sale has resulted in a notable reduction of Bandhan Bank's shareholding in YES Bank. According to the disclosure made by Bandhan Bank to the stock exchanges:

Continued Divestment Strategy

This transaction appears to be part of a broader divestment strategy by Bandhan Bank concerning its YES Bank holdings. The bank had previously made a similar disclosure on May 09, 2025, indicating a pattern of reducing its stake in YES Bank.

Regulatory Compliance

Bandhan Bank has duly informed the stock exchanges about this transaction, adhering to the disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been simultaneously uploaded on the bank's official website.

Market Implications

While the specific reasons for the sale have not been disclosed, such transactions can often signal strategic shifts in investment portfolios or capital reallocation decisions by financial institutions. The entry of SUMITOMO MITSUI BANKING CORPORATION as the buyer in this transaction may also be noteworthy for market observers.

Investors and market analysts will likely be watching closely to see if this transaction leads to any further developments or changes in the shareholding patterns of both Bandhan Bank and YES Bank.

As the financial landscape continues to evolve, such strategic moves by major banking players can provide insights into their investment strategies and market outlook.