StockWatch
·
Private Sector Bank
Management Change19 Jun 2026, 05:30 pm

Bandhan Bank: RBI Extends Director Arun Kumar Singh's Term

AI Summary

Bandhan Bank announced the extension of Shri Arun Kumar Singh's term as an Additional Director on its Board. Appointed by the Reserve Bank of India (RBI) under Section 36AB of the Banking Regulation Act, 1949, his term has been extended for another year, from June 24, 2026, to June 23, 2027. Shri Singh, a retired Chief General Manager from RBI, brings extensive experience in banking regulation, supervision, and financial inclusion. This extension ensures continuity in regulatory oversight and leverages his deep expertise for the bank's strategic direction.

Key Highlights

  • RBI extends Shri Arun Kumar Singh's term as Additional Director.
  • Extension is for one year, from June 24, 2026, to June 23, 2027.
  • Shri Singh is a retired RBI Chief General Manager with vast banking experience.
  • Appointment is under Section 36AB of the Banking Regulation Act, 1949.
  • No relation to other directors; no disqualifications from regulatory bodies.