- By Aditya Pratap Singh
- Fri, 11 Oct 2024 11:15 AM (IST)
- Source:JND
The stock of Bandhan Bank surged over 9 per cent to trade at Rs 205 apiece in the intra-day trade on Friday after Reserve Bank of India (RBI) authorised Parthapratim Sengupta to be appointed as Managing Director (MD) and Chief Executive Officer (CEO) of the bank for three years, a level which was not seen since September 27.
The Bandhan Bank board has been searching for a new Managing Director and CEO since Chandra Shekhar Ghosh stepped down on July 9. At present, one of the executive directors, Ratan Kesh, is serving as interim MD and CEO.
This is a developing story...