CSB Bank Names Biswamohan Mahapatra as Independent Director for 2025-2029

CSB Bank Limited has notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) about the result of its Board of Directors meeting, which took place on Tuesday, March 11, 2025. The bank, in a filing with the regulator, revealed that the Board has suggested the reappointment of Mr. Biswamohan Mahapatra as an Independent Director for a second term. This has been recommended after the suggestion by the Nomination & Remuneration Committee (NRC).

Reappointment Subject to Shareholder Approval

The recommended reappointment is conditional on approval by the bank's members by way of a postal ballot. If approved, Mr. Mahapatra's second term will begin from the date of his appointment by the Board, after obtaining shareholder approval, and will expire on August 2, 2029, inclusive. Pointedly, he will not have to retire by rotation during this term.

Background & Professional Experience

Mr. Biswamohan Mahapatra was a central banker with a career spanning about 33 years in the Reserve Bank of India (RBI) in various capacities and retired as Executive Director in August 2014. As Executive Director, he handled banking regulation and policy matters. He was instrumental in the implementation of Basel III regulations. He was associated with various working groups and committees and represented the RBI as a member/Chairman/Convenor of these various working groups and committees. Post-retirement, he was an advisor to the RBI on the bank licensing process. He was the convener of the Government of India Task Force to set up the Resolution Corporation under the Indian Financial Code. He was earlier on the Board of the Bank for the period from June 20, 2023, to June 14, 2024. 

Educational Qualification 

Master of Science in Management from Arthur D. Little Management Education Institute, Cambridge, USA, specialising in Finance. MBA (Finance) and a Master's in English Literature from the University of Delhi and Jawaharlal Nehru University, respectively. 

Previous Tenure and Independence

Mr. Mahapatra was a member of the Board of CSB Bank for a term between June 20, 2023, and June 14, 2024. The disclosure clearly mentions that Mr. Mahapatra has no relationship with any other directors of the Bank. In addition, CSB Bank has confirmed that Mr. Mahapatra is not disqualified from occupying the office of Director under of any order of the Securities and Exchange Board of India or any other such authority.

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