Bandhan Bank’s messy hunt for Chandra Shekhar Ghosh’s successor

With the founder and departing CEO due to retire next month, it won’t be easy for India’s youngest universal bank to fill the vacuum at the top.

Bandhan Bank is at a crossroads. The private sector lender today has the most crucial task on its hands in its almost decade-long journey as a universal bank: finding a successor to its outgoing chief executive. 

While a transition at the corner office is nothing unusual, it assumes enormous importance here. Chandra Shekhar Ghosh is no ordinary CEO. In a little more than two decades, Ghosh has turned Bandhan from a humble microfinance company to a full-fledged commercial bank, steering the ship all along.    

So, when he announced recently that he would retire on 9 July—after three consecutive terms at …

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

Delhi