Changing of the Guard: Bandhan Bank CFO Rajeev Mantri Steps Down, Vinay Jain Takes Helm as Interim Financial Chief

The Official Handover: Completing an Orderly Notice Window

In formal regulatory disclosures submitted to the National Stock Exchange (NSE) and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Bandhan Bank Limited announced the formal cessation of Rajeev Mantri as Chief Financial Officer and Key Managerial Personnel (KMP), effective from the close of business hours on September 25, 2026.

Mantri, who initially submitted his resignation on June 29, 2026, to pursue career advancement outside the organization, completed a comprehensive 90-day handover period designed to prevent operational disruption in the bank's core accounting, treasury, and investor relations functions.

Enter Vinay Jain: Seasoned Finance Control Veteran

To ensure continuity across quarterly auditing and financial disclosures, the Board of Directors, on the recommendation of the Audit Committee and Nomination & Remuneration Committee, has appointed Vinay Jain as Interim Chief Financial Officer and KMP, effective September 26, 2026.

• Interim Tenure: Approved through March 31, 2027, or until a permanent candidate is identified through the bank's executive search committee.
• Track Record: Jain joined Bandhan Bank in March 2025 as Head of Finance & Accounts. He is a Chartered Accountant with over 20 years of experience across premier multinational and private Indian institutions, including senior financial control roles at DBS Bank India, Citibank, and ICICI Bank.

Leadership Transition Matrix

Leadership ParameterOutgoing CFOIncoming Interim CFO

Executive

Rajeev Mantri

Vinay Jain

Role & Designation