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 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.