Athira Sethu
Kochi, 30 June 2026
The resignation of Bandhan Bank’s CFO and Executive President, Mr. Rajeev Mantri has been announced by the bank. It has been decided by him to resign from his post in order to explore some fresh career prospects. The bank, which is a private sector lender, has conveyed to the stock exchanges regarding his resignation, thereby becoming another significant leadership change at the bank.
Rajeev Mantri has submitted his resignation on June 29, 2026, whereas his last day of work shall be on September 25, 2026. In his resignation letter, he addressed Managing Director and CEO Partha Pratim Sengupta of the bank. It has been stated by the bank that there has been disclosure by it regarding the change in key managerial personnel as per regulatory norms, but it has not yet appointed any successor for the role of CFO.
Mantri stated in his resignation letter that it had been a good experience working at Bandhan Bank and contributing towards the transformation strategy of the bank. He further stated in his resignation letter that it had been a great pleasure working for such an excellent team at the bank.
Mantri began his association with Bandhan Bank in February 2024, bringing with him over 25 years of experience in banking and finance in India, Singapore, and the United Arab Emirates. He is a qualified Chartered Accountant of the Institute of Chartered Accountants of India (ICAI) and an Executive MBA from INSEAD Business School in Singapore.
Prior to joining Bandhan Bank, Mantri had been the CFO of the India business of Citi for three years. Before that, he was the CFO of TransUnion CIBIL, which is the largest credit information company in India. He has also worked for over 15 years with Standard Chartered Bank in various senior positions related to finance in India and Singapore. Furthermore, he has been the head of the finance function in Corporate & Investment Banking of Mashreqbank in the UAE.
It should be noted that Mantri was a replacement for Abhijit Ghosh, who worked as the interim CFO of the bank since October 2023 following the resignation of Sunil Samdani. Thus, the departure of the finance head is yet another transition period for Bandhan Bank.
The recent actions of Bandhan Bank include the increase in fixed deposit interest rates of up to 20 basis points and improved collection efficiency. In September 2023, the bank will lose its CFO, which makes it clear that investors will closely monitor his replacement.
