The re-appointment is subject to approval of the reserve bank of india (RBI) and the shareholders of the bank.

The current tenure of Ghosh as the MD & CEO of the bank would be expiring on 9 July 2024, and in terms of the regulatory provisions, application for re-appointment of MD & CEO shall be submitted to RBI at least six months before the expiry of the current term, the bank stated.

Ghosh holds a master’s degree in Statistics. He has attended the HBS-ACCION program on strategic leadership at Harvard Business School. He has been one of India's foremost proponents of financial inclusion. He has more than three decades of experience in microfinance, banking and development terrain.

Bandhan Bank operates as a commercial bank. The banking outlets as on 30 September 2023, stood at more than 6,200. The network consists of 1,621 branches, and 4,598 banking units.

The Kolkata-based private lender reported a net profit of Rs 721.17 crore in Q2 FY24, steeply higher than Rs 209.27 crore recorded in Q2 FY23. Total income jumped 18.4% year on year to Rs 5,032.19 crore in the second quarter of FY24.

Shares of Bandhan Bank ended flat at Rs 212.40 on Friday, 24 November 2023.