Bandhan Bank CFO Rajeev Mantri resigns, 90-day notice starts
CFO Rajeev Mantri has resigned to pursue another opportunity, effective September 25, 2026, after a 90-day notice period. The bank has not named a successor, adding uncertainty during NPA clean-up and capital planning.
— 2 earlier stories on Bandhan Bank Ltd. →What's new
- CFO Rajeev Mantri resigns to pursue another opportunity.
- Will serve 90-day notice until September 25, 2026.
- No successor announced yet.
Why this matters
CFO departures at mid-cap banks often raise questions about financial oversight. Mantri's exit adds uncertainty as Bandhan Bank deals with NPA clean-up and a potential capital raise. The 90-day notice provides transition time, but the lack of a successor is a concern.
What we're watching
- Whether the bank names a successor before the notice period ends.
- Impact on Q2 FY27 earnings call and financial guidance.
- Any further senior management changes amid the bank's strategic transformation.
The full read
Bandhan Bank is losing its CFO. Rajeev Mantri has resigned, citing a career growth opportunity, and will leave on September 25, 2026, after a 90-day notice period. The bank has not named a successor. The timing is awkward. The lender is mid-way through an asset-quality clean-up. It sold ₹303.74 crore in housing finance NPAs earlier this month, and its board was scheduled to discuss a capital plan just days ago. A CFO departure at this stage could slow the restructuring. The 90-day window offers a cushion, but the open question is who will take over. Mantri himself mentioned the bank's 'strategic transformation' in his resignation note, a phrase that sounds more like a project than a settled state.
Questions answered
- Why is Rajeev Mantri leaving Bandhan Bank?
- Mantri resigned to pursue another opportunity from a career growth perspective, as stated in his resignation letter dated June 29, 2026.
- When is Mantri's last day at Bandhan Bank?
- He will continue in his role until September 25, 2026, completing a 90-day notice period.
- Has Bandhan Bank named a successor for the CFO role?
- No. The bank has not yet announced a successor for Rajeev Mantri.
- What does this resignation mean for the bank's financial reporting?
- The CFO is responsible for financial oversight and reporting. A departure could disrupt continuity, though the 90-day notice provides time for transition.
- What other changes are happening at Bandhan Bank currently?
- The bank recently sold a ₹303.74 crore housing finance NPA portfolio and its board was set to discuss a capital plan on June 25, 2026.
- How does this affect the bank's capital plan discussions?
- The CFO's resignation may slow or alter the capital planning process, as the bank lacks a permanent CFO to lead financial strategy.
Bandhan Bank Ltd.
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Story so far
All notes on BANDHANBNK →- 29 Jun 2026 · 5:50 PM IST Bandhan Bank CFO Rajeev Mantri resigns, 90-day notice starts
- 14d ago Bandhan Bank board to weigh capital plan on June 25
- 21d ago Bandhan Bank sells ₹303.74 cr NPA portfolio to ARCs