Ashok K. Lahiri, a former Chief Economic Advisor (C.E.A), was named as the first Chairman of Bandhan Bank during the announcement of appointment of Board of Directors of the bank was made. Chandra Sekhar Ghosh will be the M.D. and C.E.O. of the bank. The bank will start its operations from 23rd August 2015 and will be inaugurated by the President of India,