RBI Greenlights Biswamohan Mahapatra as Part-Time Chairman of CSB Bank

In one of the key leadership appointments, Reserve Bank of India (RBI) has cleared the appointment of Biswamohan Mahapatra as the Part-Time Chairman of CSB Bank Ltd. This development is a major step by the bank as it continues to build the strength of its governance and board competence.

 

Mahapatra, a veteran central banker, has with him more than three decades of experience in the RBI, where he had various roles culminating in his current role as Executive Director. He has been a key member in developing banking regulation and policy during his career, including Basel III norms implementation. His extensive engagement in several RBI committees and working groups has endowed him with a figure of respect in India's financial environment.

 

Before that appointment, Mahapatra was an Independent Director on the board of CSB Bank. His reappointment as Independent Director was also recently confirmed by the members of the bank, with the tenure now going up to August 2, 2029. The vote of confidence by both the RBI and the shareholders indicates great belief in his leadership and vision for the future of the bank.

 

Key Highlights

 

RBI formally approved Biswamohan Mahapatra's appointment as Part-Time Chairman of CSB Bank Ltd.

 

Mahapatra's illustrious RBI service of more than 33 years includes his position as Executive Director, wherein he played a central role in driving fundamental regulatory changes.

 

Mahapatra has been a member of the CSB Bank board as an Independent Director and will remain in that role up to August 2029.

 

His tenure is likely to further bolster CSB Bank's governance and strategic focus.

 

Sources: CSB Bank official announcement, BoardStewardship, Groww, MarketScreener, BSE India