Bandhan Bank shares zoom after RBI clears Partha Pratim Sengupta appointment as CEO for 3 years

Bandhan Bank Share Price News: Bandhan Bank shares—traded with the awesome BANDHANBNK on exchanges BSE and NSE—were successful precocious request connected Friday, October 11, aft the banking regulator gave the motion to the assignment of Partha Pratim Sengupta arsenic its Managing Director and CEO for 3 years. Sengupta volition beryllium taking implicit from interim MD and CEO Ratan Kesh nary aboriginal than November 10. Kesh took the helm from laminitis MD and CEO Chandra Sekhar Ghosh successful July. 

Bandhan Bank (BANDHANBNK) shares—which were portion of the Nifty Bank until the caller rejig—jumped by arsenic overmuch arsenic Rs 21.8, oregon 11.6 per cent, to Rs 209.5 apiece each connected BSE and NSE. 

At astir noon, the banal was holding connected firmly to the greenish with a summation of 10.7 per cent astatine Rs 207.9.

On Wednesday, Bandhan Bank received Sengupta's acceptance and his consequent confirmation the adjacent time that helium volition measurement down from his different engagements successful compliance with the presumption and conditions of the anterior support for the projected assignment arsenic MD and CEO of the Kolkata-based lender.

Who is Partha Pratim Sengupta, the caller Bandhan Bank CEO?

A seasoned banker with much than 4 decades of experience, Sengupta retired arsenic Managing Director and CEO of PSU lender Indian Overseas Bank (IOB).

Sengupta has worked successful antithetic geographies, crossed retail arsenic good arsenic firm banking.

He has been groomed astatine State Bank of India (SBI), wherever helium roseate to the relation of Deputy Managing Director and Chief Credit Officer, according to Bandhan Bank.

Between 2016 and 2018, Sengupta served arsenic Chief General Manager, SBI Kolkata Circle, which included the states of West Bengal and Sikkim, arsenic good arsenic the Andaman and Nicobar Islands.

In 2018, helium was elevated to Deputy Managing Director and Chief Credit Officer astatine State Bank of India. 

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