Bandhan Bank’s Board has approved the appointment of Mr. Debashish Mukherjee as an Additional Director (Independent), pending regulatory clearance from the Ministry of Finance. Furthermore, the Board appointed Mr. Prakash E as the interim Chief of Internal Vigilance (CIV) effective February 24, 2026, following Mr. P. Ramaswamy’s resignation. Mr. Mukherjee brings over three decades of public sector banking experience.
Outcome of Board Meeting on February 12, 2026
The Board of Directors of Bandhan Bank Limited, following its meeting held on Thursday, February 12, 2026, has inter alia approved key changes to its governance structure and internal oversight mechanisms.
Appointment of Independent Director
The Board approved the appointment of Mr. Debashish Mukherjee (DIN: 08193978) as an Additional Director (Independent) on the Board. This appointment is subject to the approval of the Ministry of Finance.
- The proposed term is for three consecutive years, and the director will not be liable to retire by rotation.
- The appointment will become effective upon receiving the Ministry of Finance’s approval, as the proposed tenure falls within the one-year cooling-off period following his retirement from Canara Bank.
- Mr. Mukherjee has been confirmed to have no relationship with any other Directors and is not debarred from holding any director office.
Profile Summary of Mr. Debashish Mukherjee
Mr. Mukherjee is an experienced banker, holding an MBA (Finance) and CAIIB qualification. His career spans over three decades across Punjab National Bank, United Bank of India, and Canara Bank, covering both retail and wholesale banking segments. He served as an Executive Director at Canara Bank from February 19, 2018, until his superannuation on May 31, 2025. Currently, he holds an Independent Director position at Baroda Global Shared Services Limited.
Appointment of Chief of Internal Vigilance (Interim)
This decision follows the communicated resignation of Mr. P Ramaswamy, whose last working day was revised to February 23, 2026, due to leave adjustments.
The Board has approved the appointment of Mr. Prakash E as the interim Chief of Internal Vigilance (CIV), effective from February 24, 2026. This appointment is for a period of six months or until a new CIV joins, whichever occurs earlier.
Profile Summary of Mr. Prakash E
Mr. Prakash E possesses approximately 25 years of overall experience. He joined Bandhan Bank in the Vigilance Department on November 21, 2022. His qualifications include a BSc (Biochemistry) and an MSc (Cyber Forensics and Information Technology). His prior experience includes roles at ICICI Bank (Financial Crime Prevention Group), Samsung (Chief Manager – Global Forensic Audit), and Chemplast Sanmar.
Meeting Conclusion
The Board Meeting commenced at 10:00 A.M. and concluded at 04:15 P.M.
Source: BSE
