Shares of private lender Bandhan Bank rose about 10% on Friday after India's central bank approved the appointment of its new CEO, which analysts said would ensure management stability. The Reserve Bank of India on Thursday approved the appointment of Partha Pratim Sengupta as CEO and managing director of the bank.

The market has reacted positively to Partha Pratim Sengupta’s appointment. However, brokerages differ on the bank's long-term outlook.

Bandhan Bank's shares surged over 12% following the Reserve Bank of India's approval of Partha Pratim Sengupta as the new MD and CEO. His tenure begins by November 2024, succeeding Chandra Sekhar Ghosh.

Sengupta accepted the position on October 9, 2024, and confirmed on October 10 that he would resign from his other commitments under the RBI's terms and conditions, as stated in the release

Shares of Bandhan Bank surged over 12 as the Reserve Bank of India approved Partha Pratim Sengupta's appointment as MD and CEO for three years. This f

Bandhan Bank's shares soared over 12% following the Reserve Bank of India's approval of Partha Pratim Sengupta as the new Managing Director and CEO. The appointment is set for three years. The stock rise occurred despite broader market declines,

Bandhan Bank began operations on August 23, 2015, after receiving in-principle approval from the RBI to establish a universal bank. It was the first microfinance institution from the eastern region to make the transition to a universal bank,

Bandhan Bank's shares jumped 12% after the RBI approved Partha Pratim Sengupta as its new MD & CEO. Sengupta, a banking veteran, replaces founder Chandra Sekhar Ghosh.

Shares of Bandhan Bank Ltd rose 9.15 per cent to Rs 204.90 on Friday, commanding a total market capitalization above Rs 33,000 crore

Shares of Kolkata-based Bandhan Bank rose by 9% following RBI's approval of Partha Sengupta as the bank's new MD & CEO, with his tenure starting no later than November 10, 2024. The forensic audit related to insurance claims has been completed.