In Kolkata, Chandra Sekhar Ghosh, Managing Director and CEO of Bandhan Bank, announced his retirement from the position and expressed gratitude to account holders for their support over the past nine years.
In a letter to the lender's clients, Ghosh acknowledged his pivotal role in the growth and success of Bandhan Bank, which has become one of India's largest financial institutions in a short period.
"Bandhan Bank is because of you and for you. You are our north star," Ghosh wrote in the letter, emphasizing the central role of customers in the bank's journey.
He credited his trust and advocacy as the driving forces behind the bank's rapid expansion and success.
"Your trust in Bandhan Bank is the reason why it is one of the largest financial institutions in the country," he said.
He expects the bank's strong workforce, comprised of more than 76,000 committed employees and an experienced leadership team, to remain aligned with the bank's core values.
As he stepped down, Ghosh expressed confidence in the bank's future.
"The team is aligned with the values on which Bandhan has been built and I am confident that they will lead the Bank into the next phase of growth, as they have done over the past few years," he said.
Ghosh assured customers that Bandhan Bank, founded on their faith and trust, will continue to prosper under his able leadership.
He expressed gratitude for his role in building an "impact institution" and pledged to continue to proudly watch the bank's progress.
In his closing remarks, Ghosh thanked account holders for the honor of serving them, underscoring the profound impact they have had on his career and the success of the bank.
According to sources familiar with the matter, Ghosh will take up an executive role in Bandhan Financial Services, the promoter of Bandhan Financial Holding and Bandhan Bank.
In this new capacity, he will oversee Bandhan's insurance and mutual fund businesses in addition to the bank's activities.
Bandhan Financial Services may hold a board meeting on July 10 to appoint Ghosh as CEO.
In a letter to the lender's clients, Ghosh acknowledged his pivotal role in the growth and success of Bandhan Bank, which has become one of India's largest financial institutions in a short period.
"Bandhan Bank is because of you and for you. You are our north star," Ghosh wrote in the letter, emphasizing the central role of customers in the bank's journey.
He credited his trust and advocacy as the driving forces behind the bank's rapid expansion and success.
"Your trust in Bandhan Bank is the reason why it is one of the largest financial institutions in the country," he said.
He expects the bank's strong workforce, comprised of more than 76,000 committed employees and an experienced leadership team, to remain aligned with the bank's core values.
As he stepped down, Ghosh expressed confidence in the bank's future.
"The team is aligned with the values on which Bandhan has been built and I am confident that they will lead the Bank into the next phase of growth, as they have done over the past few years," he said.
Ghosh assured customers that Bandhan Bank, founded on their faith and trust, will continue to prosper under his able leadership.
He expressed gratitude for his role in building an "impact institution" and pledged to continue to proudly watch the bank's progress.
In his closing remarks, Ghosh thanked account holders for the honor of serving them, underscoring the profound impact they have had on his career and the success of the bank.
According to sources familiar with the matter, Ghosh will take up an executive role in Bandhan Financial Services, the promoter of Bandhan Financial Holding and Bandhan Bank.
In this new capacity, he will oversee Bandhan's insurance and mutual fund businesses in addition to the bank's activities.
Bandhan Financial Services may hold a board meeting on July 10 to appoint Ghosh as CEO.
