Bandhan Bank's Head of the Housing Finance vertical Sudhin Choksey will be retiring from the bank with effect from February 15, 2021.
Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer, Bandhan Bank said, "Choksey was instrumental in building a high-quality housing finance business in GRUH Finance, which was then seamlessly integrated under his close supervision into Bandhan Bank. We are grateful for his contributions and wish him the best of health and happiness post-retirement."
Notably, the acquisition of GRUH Finance by Bandhan Bank was announced in January 2019 and the merger was completed in October 2019. Before the acquisition, Choksey served as the Managing Director of GRUH Finance.
Choksey said, "It has been an honour and a privilege to serve and lead GRUH Finance for the last 23 years. I thank Ghosh, all my present and former colleagues and other stakeholders who supported me through this journey. Before the merger, I was scheduled to retire from GRUH Finance by March 2020. However, when GRUH Finance was acquired by Bandhan Bank, I decided to stay on for some more time to help with the integration, upon Ghosh' s request. Having completed that task successfully, I believe the time is now right, for me to focus on other personal interests."
Suresh Iyer, currently Head of Operations (Housing Finance) will succeed Choksey as the Head- Housing Finance, Bandhan Bank.
At around 3.14 pm, Bandhan Bank was trading at Rs347.80 per piece up 1.5% on Sensex.