Bandhan Bank Appoints Debasish Panda as Non-Executive Chairman and Independent Director

Bandhan Bank Appoints Debasish Panda as Non-Executive Chairman and Independent Director​

Bandhan Bank Limited announced significant changes following a recent Board meeting, confirming the appointment of Mr. Debasish Panda to multiple senior roles. The bank also noted the impending conclusion of Dr. Anup Kumar Sinha’s tenure as Non-Executive Part-Time Chairman and reviewed its current capitalization status.

The appointments were approved by the Bank's Board of Directors during a meeting held on June 25, 2026.

Key Appointments and Roles​

Mr. Debasish Panda was appointed by the Board of Directors to hold several senior positions within the bank, effective July 05, 2026. These roles include:

• Additional Director (Independent) on the Board of the Bank.
• Independent Director for a term of three consecutive years, who is not liable to retire by rotation and is subject to Shareholder approval within three months of appointment.
• Non-Executive Chairman of the Bank for a period of three years, pending Shareholder approval.

The bank confirmed that Mr. Panda has no relationship with any other current Directors and is not disqualified from holding office of director by any regulatory authority.

Dr. Sinha’s Tenure Concludes​

The Board meeting also noted that Dr. Anup Kumar Sinha will complete his tenure as the Non-Executive Part-Time Chairman and Independent Director on July 04, 2026. The Bank expressed profound appreciation for the valuable contributions made by Dr. Sinha during his service.

Capital Plan Review​

Regarding the bank’s financial standing, the Board determined that Bandhan Bank is currently well capitalized and does not require immediate additional capital. However, considering projected future growth, the Board advised that initiating discussions regarding potential future capital requirements may be prudent.

Profile of Mr. Debasish Panda​

Mr. Debasish Panda holds advanced degrees from Utkal University, Jawaharlal Nehru University (JNU), and the Asian Institute of Management, Manila. His career spans over three decades across finance, public health, agriculture, law enforcement, and urban development.

Highlights of his distinguished professional background include:

• Chairman of IRDAI (2022 - 2025): He spearheaded 'Insurance for All by 2047,' focused on customer-centric governance and redefining regulatory frameworks.
• Secretary, DFS (2020 - 2022): In this role, he led critical banking consolidations, promoted financial inclusion, and managed COVID-19 financial responses.
• Director Roles: He has served as a Director on the Boards of Reserve Bank of India, State Bank of India, Bank of Baroda, and Life Insurance Corporation of India.

Mr. Panda is currently also serving as an Independent Director at Anand Rathi Wealth Limited, Capri Global Housing Finance Limited, IBDIC Private Limited, and Invesco Asset Management (India) Private Limited.

BANDHANBNK Stock Price Movement​

Bandhan Bank Limited shares slipped by 4.54% on Thursday, closing at ₹201.76 after a significant drop of ₹9.61. The stock settled amidst heavy trading, with the company recording a volume of 31.40 million shares during the previous day's session.