Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank

RBL bank Board has approved the appointment of Mr. Chandan Sinha as Non-Executive Part-Time Chairman of the Bank.

Reserve Bank of India (RBI) has conveyed its approval for the appointment of Mr. Chandan Sinha, one of the existing Non-Executive Independent Directors of the Bank as the NonExecutive Part-Time Chairman of the Bank with effect from August 3, 2024, till May 20, 2026, in terms of Section 10 (B) (1A)(i) of the Banking Regulation Act, 1949, as per the regulatory filing.

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 Mr. Chandan Sinha served as an Executive Director of the RBI and has been a career central banker for over 35 years, and is associated with banking & financial services for over 40 years. Post-retirement, he served as the Interim Director at the Centre for Advanced Financial Research and Learning (CAFRAL).

He has held other key positions outside RBI Chief Investment Officer of Postal Life Insurance (GoI); Director at, the Indian Institute of Bank Management, and Chief Dealer, at the Securities Trading Corporation of India.

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He was also the RBI nominee director on the board of State Bank of India. He has earlier, also served as nominee Director of RBI on the Boards of Allahabad Bank, Union Bank of India, ECGC, and Reserve Bank Information Technology Ltd. (ReBIT).

Currently, he is also on the Board of Light Microfinance Private Limited as an Independent Director. Mr. Chandan Sinha holds a Master’s degree in Physics from St. Stephens College, Delhi University and his professional qualifications include an MBA (in Finance) from Patna University and CAIIB.

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