Non-public lender Bandhan Financial institution on Thursday stated its board has authorised the appointment of Rajeev Mantri as its chief monetary officer (CFO).
Mantri brings a wealth of banking and finance expertise, as he joins Bandhan Financial institution and can look to associate with the administration workforce to drive the following stage of development within the financial institution, it stated.
“We want to inform that the Board of the Financial institution, at its assembly held on Thursday, February 22, 2024, authorised the appointment of Rajeev Mantri because the CFO and KMP (key managerial personnel) of the Financial institution, with impact from February 22, 2024,” Bandhan Financial institution stated in an change submitting.
“Accordingly, Abhijit Ghosh ceases to be the Interim CFO and KMP of the Financial institution with impact from February 22, 2024 i.e. upon the appointment of Mantri as CFO & KMP,” it added.
Nonetheless, Ghosh will proceed as head of finance and accounts and part of the senior administration of the financial institution.
In his final position, Mantri was the CFO of Citi India cluster for the final three years.
He’s a veteran banker with over 25 years of expertise in banking and finance throughout India, Singapore and the UAE, a big a part of which was with international banks comparable to Normal Chartered and Citi.
He’s a Chartered Accountant from ICAI India and likewise holds an Government MBA from INSEAD Enterprise College, Singapore.
On February 9, Bandhan Financial institution reported over two-fold enhance in web revenue at ₹733 crore for the third quarter ended December 2023 on account of enchancment in core revenue.
The financial institution’s complete revenue elevated to ₹5,210 crore within the newest December quarter from ₹4,840.94 crore a yr in the past.
The curiosity revenue additionally improved to ₹4,665 crore as in opposition to ₹3,808 crore within the third quarter of the earlier fiscal.
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Revealed: 22 Feb 2024, 08:59 PM IST
Supply: Live Mint