The Reserve Bank of India has approved Ratan Kumar Kesh's return as Executive Director at Bandhan Bank , marking a significant development in the bank's leadership structure.

Regulatory Approval

The RBI's approval is a crucial step for senior executive appointments in banking institutions, as regulatory clearance is mandatory for key leadership positions in the financial sector.

Leadership Development

This appointment represents an important addition to Bandhan Bank's executive team, with Kesh returning to the Executive Director role at the institution.

The approval process reflects the regulatory oversight that governs senior appointments in India's banking sector, ensuring appropriate leadership standards are maintained across financial institutions.

Bandhan Bank Limited has received a GST demand order worth ₹2.99 crores from Gujarat tax authorities, the bank disclosed in a regulatory filing on December 26, 2025. The Deputy Commissioner, Range-2, Gujarat, issued the order under Section 73 of the Central Goods and Services Tax Act, 2017, alleging various GST-related violations.

Details of the GST Demand Order

The demand order encompasses multiple components including tax, interest, and penalty charges. The breakdown reveals the financial impact across different categories:

Nature of Alleged Violations

The order addresses several GST compliance issues pertaining to the financial year 2021-22. The key allegations include:

• Excess or ineligible Input Tax Credit availed and utilized by the bank
• Non-payment of GST on certain income categories
• Other related GST compliance matters

The bank received the demand order on December 26, 2025, and has disclosed the matter in compliance with SEBI listing regulations.

Bank's Response and Impact Assessment

Bandhan Bank has clarified that the GST demand order will not materially impact its financial position or operational activities. The bank emphasized that despite the substantial demand amount, its overall business operations remain unaffected.

The bank is currently examining the merits of the case and plans to initiate appropriate legal remedies. This includes the possibility of filing an appeal before higher tax authorities to contest the demand order.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has provided comprehensive details as required under the regulatory framework, ensuring transparency with stakeholders and investors regarding this development.