Bandhan Bank's Chief Financial Officer Rajeev Mantri has resigned, citing career growth as his reason for departure. According to the latest regulatory filing dated June 29, 2026, Mantri submitted his resignation on June 29, 2026 and will officially step down on September 25, 2026 after completing the mandatory 90-day notice period. In his resignation letter to Managing Director and CEO Partha Pratim Sengupta, Mantri stated, "This is to inform you that I am tendering my resignation today from Bandhan Bank as Executive President and Chief Financial Officer, to pursue another opportunity from a career growth perspective." He thanked the bank's leadership team, board members, colleagues, employees and stakeholders for their support during his tenure. The bank has requested stock exchanges to take note of the change in its key managerial personnel, following the bank's internal policies regarding notice periods. As per the regulatory filing, the resignation and upcoming exit were disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
As reported by CNBC TV18, Mantri expressed gratitude for his experience at Bandhan Bank and highlighted his contributions to the bank's strategic transformation. He stated that he would be leaving with enriching experience and learnings from his tenure. In his resignation letter, Mantri added, "I have enjoyed working at Bandhan Bank and contributing towards the strategic transformation of the bank. I will be leaving with enriching experience and learning during my tenure here. Would like to wish continuing success to the bank. Request you to accept my resignation and relieve me of my services post notice period of 90 days." The Kolkata-headquartered bank has not yet announced a successor for the key financial role, according to the company's disclosure to stock exchanges. Bandhan Bank said it will share further updates on leadership changes, if required, in due course.
According to the latest regulatory filing, Mantri brings over 25 years of banking and finance experience across India, Singapore and the UAE. He joined Bandhan Bank in February 2024 from Citi, where he had served as CFO for the India cluster for three years. Before that, he was CFO at TransUnion CIBIL, India's largest credit bureau, and spent over 15 years with Standard Chartered Bank in senior finance roles across India and Singapore. He also led the finance function for corporate and investment banking at Mashreqbank in the UAE. As per the regulatory filing, Mantri is a chartered accountant by qualification and holds an Executive MBA from INSEAD Business School, Singapore. He had succeeded Abhijit Ghosh, who was serving as interim CFO after the departure of Sunil Samdani in 2023. The bank has not provided any timeline for appointing a new CFO, with investors likely to watch closely for the replacement given the importance of the finance leadership role at a listed lender.
Bandhan Bank reported strong Q4FY26 results with standalone net profit jumping 68% to ₹530 crore on a 3.2% increase in net total income to ₹3,570 crore in Q4 March 2026 over Q4 March 2025. The bank's stock responded positively to the results, rising 0.49% to ₹203.35 on the BSE. However, net interest income growth remained modest, rising 1.4% to ₹2,795.4 crore compared with ₹2,756 crore a year ago. Asset quality showed further improvement during the quarter, with gross non-performing assets (NPA) easing to 3.27% from 3.33% in the December quarter, while net NPA declined marginally to 0.97% from 0.99% sequentially. On the business front, loans and advances stood at ₹1.54 lakh crore at the end of March, reflecting a 12.6% year-on-year increase and 6.2% sequential rise.
As reported by CNBC TV18, total deposits grew 10% year-on-year to ₹1.66 lakh crore, with a 6.1% increase on a quarter-on-quarter basis. Retail deposits continued to gain traction, rising 17.7% year-on-year to ₹1.22 lakh crore, taking their share in total deposits to 73.67%, up from 68.88% a year ago. Retail term deposits saw particularly strong growth, increasing 30.1% to ₹73,796 crore, while bulk deposits declined 6.9% year-on-year to ₹43,797 crore, indicating a shift towards a more granular deposit base. CASA deposits rose modestly by 2.8% year-on-year to ₹48,751 crore, with the CASA ratio at 29.31%. The bank's liquidity position remained comfortable, with a liquidity coverage ratio of 131.76% as of March 31, 2026, and collection efficiency improved to 98.9% compared with 98.1% in the previous quarter.
