Private sector lender Bandhan Bank, on September 11, said that Sudheer Reddy Govula, who had served as the Chief Compliance Officer (CCO) at the bank, has resigned from his position with the intention of venturing into new career prospects beyond the banking sector.

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Govula, in his heartfelt resignation letter, said, "I have made the decision to step down from my role as Chief Compliance Officer in order to pursue a different opportunity."

In response to Govula's departure, the bank has promptly appointed Amitava Goswami as the new CCO. Goswami had previously overseen branch banking and customer service operations within the bank, demonstrating his extensive experience and capabilities in the financial sector.

Additionally, the bank reported that during its meeting on September 9, 2023, the board of directors approved Amitava Goswami's appointment as the CCO.

It is noteworthy that in July 2023, the bank's Chief Financial Officer (CFO), Sunil Samdani, also stepped down from his position to pursue an alternative opportunity.

Bandhan Bank in it's April-June quarter reported net profit at Rs 712 crore for the first quarter of FY24 as against CNBC-TV18 poll of Rs 761.4 crore. In the first quarter of FY23, the lender had reported profit at Rs 886.5 percent. The net interest margin for the quarter was flat at 7.3 percent. The net interest income (NII) for first quarter of FY24 was reported at Rs 2,490.8 as against Rs 2,514.4 crore year-on-year (YoY).

Bank has added nearly 7 lakh customers in the current quarter and the total number of customers stands at 3.07 crore. Banking outlets as on June 30, 2023, stood at 6,140. The network consists of 1,542 branches, and 4,598 banking units. During the quarter, the number of employees of the bank has gone above 72,000.