Bandhan Bank , a prominent player in the Indian banking sector, has announced significant changes to its board of directors and leadership team. The bank's Board of Directors has approved two key appointments that are set to shape its future governance and operations.

New Addition to the Board

Avijit Mukerji has been appointed as an Additional Non-Executive Non-Independent Director on Bandhan Bank's board, effective September 25, 2025. Mukerji, a nominee of Bandhan Financial Holdings Limited (BFHL), the bank's promoter, brings with him a wealth of experience in audit and assurance.

Mukerji's appointment is subject to shareholder approval, which must be obtained within three months. His extensive background includes:

• Over three decades of experience in audit and assurance
• Former senior partner at PricewaterhouseCoopers (PwC) India
• Founder and managing partner of TatvaSutra Solutions LLP, a boutique investment and equity research firm
• Independent directorships at Bandhan Financial Holdings Limited, Balaji Telefilms Limited, and India Carbon Limited

During his tenure at PwC India, Mukerji held several leadership roles, including membership on the PwC India Board and Leadership team, and served as Managing Partner of the Eastern Region. His expertise in digital transformation is evident from his role as Transformation Leader, where he was responsible for the digital upskilling of 14,000 partners and staff.

Re-appointment Recommendation

In addition to Mukerji's appointment, the board has recommended the re-appointment of Ratan Kumar Kesh as Whole-time Director and Chief Operating Officer for a further period of 3 years, effective March 31, 2026. This re-appointment is subject to approvals from the Reserve Bank of India (RBI) and shareholders.

Kesh's profile highlights include:

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

Both Mukerji and Kesh are not related to any other board members and face no regulatory disqualifications for their respective positions.

These appointments reflect Bandhan Bank's commitment to strengthening its leadership team with experienced professionals. The bank continues to focus on technology, digital transformation, and operational excellence as it moves forward in the competitive banking landscape.

Shareholders and market observers will be watching closely as these changes take effect, potentially influencing the bank's strategic direction and operational efficiency in the coming years.

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.