Mumbai: Bandhan Bank on Tuesday announced that its Chief Financial Officer (CFO), Sunil Samdani, has resigned from his position on July 3 in order to pursue a new opportunity.
In accordance with his appointment terms, Samdani will serve a notice period of three months, ending on October 1, 2023.
In addition to serving as the CFO, Samdani also holds the positions of executive president and key managerial person (KMP) at Bandhan Bank.
I am grateful to you for placing the trust in me and giving me the valuable opportunity to build a Bank of this size and stature, Samdhani said in his resignation letter, according to the banks regulatory filing.
Samdani thanked the board for the opportunity. This has been the toughest decision of my career as I have built this institution from the start. It has been challenging, enriching and fulfilling experience which offered me phenomenal learning every single day, he said.
With more than 23 years of experience in the financial services sector, Sunil Samdani has held several top roles throughout his career.
Before joining Bandhan Bank as its CFO, he served as the Head of Business Analytics and Strategy at Development Credit Bank.
Prior to that, he held the position of CFO at Karvy Financial Services Ltd. Samdanis diverse experience in these key positions has contributed to his expertise and knowledge in the field of financial services.
The bank is currently in the process of searching for a suitable candidate to fill the position of CFO and key managerial personnel, according to a statement.
Meanwhile, on July 4, the shares of Bandhan Bank experienced a decline, closing 1.78 percent lower at Rs 231.25 per share on the BSE (Bombay Stock Exchange).
