Mumbai, Dec. 29 -- The bank said the reappointment of Kesh as Executive Director and Chief Operating Officer, and as Key Managerial Personnel, will be subject to approval by the shareholders at the ensuing general meeting. He will be liable to retire by rotation.

The bank clarified that Kesh is not related to any of the other directors of the bank. It also stated that he has not been debarred or disqualified from holding the office of director by any order of the Securities and Exchange Board of India or any other regulatory authority.

Bandhan Bank is a private sector bank. Its distribution network spans nearly 6,350 outlets. It added 9 lakh customers during the quarter, and current customers stand at over 3.23 crore customers. The bank...