RBL Bank’s Board has approved the re-appointment of Mr. Chandan Sinha as a Non-Executive Independent Director. His second term will be for three years, effective from May 21, 2026, until May 20, 2029, subject to shareholder approval. This extension allows him to complete eight continuous years on the Board, as per banking regulations. Mr. Sinha’s extensive experience in central banking makes him a valuable asset to the board.
Director Re-Appointment
The Board of Directors of RBL Bank has approved the re-appointment of Mr. Chandan Sinha (DIN: 06921244) as a Non-Executive Independent Director. This decision was based on the recommendations of the Nomination and Remuneration Committee.
Term Details
Mr. Sinha’s second consecutive term will last for three years, commencing on May 21, 2026 and concluding on May 20, 2029. This re-appointment allows him to complete his eight continuous years as a Director, under Section 10A (2A) of the Banking Regulation Act, 1949. The bank is seeking shareholder approval for this re-appointment.
Chandan Sinha’s Profile
Mr. Sinha, who previously served as an Executive Director at the Reserve Bank of India, brings over 35 years of central banking experience. His career spans over 40 years in banking and financial services. He has held key positions such as Interim Director at the Centre for Advanced Financial Research and Learning (CAFRAL) and Chief Investment Officer of Postal Life Insurance (Gol). He also served as the RBI nominee director on various bank boards.
Rotation and Relationships
As per Section 149(13) of the Companies Act, 2013, Mr. Chandan Sinha will not be liable to retire by rotation. He is also not related to any other Director of the Bank.
Source: BSE
