Bandhan Bank Limited has confirmed the appointment of Mr. Debashish Mukherjee as an Additional Director (Independent) and subsequently as an Independent Director on its Board, effective March 25, 2026. This confirmation followed the receipt of necessary approvals from the Ministry of Finance. Mr. Mukherjee will serve a three-year term, succeeding his retirement from Canara Bank, and is not related to any existing Directors.
Confirmation of Independent Director Appointment
Bandhan Bank Limited formally announced the successful appointment of Mr. Debashish Mukherjee (DIN: 08193978) to its Board of Directors. This move is in continuation of the Board’s earlier approval granted on February 12, 2026, which was contingent upon receiving clearance from the Ministry of Finance.
Effective Dates and Terms
The Bank confirms that Mr. Mukherjee received the required approval from the Ministry of Finance today, March 25, 2026. Consequently, his appointment is effective immediately:
- As an Additional Director (Independent), effective from March 25, 2026.
- As an Independent Director for a term of three consecutive years, also commencing on March 25, 2026.
The appointment as an Independent Director is not liable to retire by rotation and is subject to ratification by the Shareholders within a period of three months. This appointment was permissible as it falls outside the one-year cooling-off period following his retirement from his previous role at Canara Bank.
Director Credentials
The Bank further confirmed that Mr. Debashish Mukherjee is not related to any of the other Directors currently serving on the Board. Furthermore, he has confirmed that he is not debarred or disqualified from holding any directorial office by virtue of any order from any relevant authority.
This mandatory disclosure was simultaneously uploaded on the Bank’s official website, www.bandhan.bank.in.
Source: BSE
