Bandhan Bank has announced the appointment of Partha Pratim Sengupta as its new Managing Director & Chief Executive Officer (MD & CEO), effective November 1, 2024.
This appointment follows the retirement of the bank’s founder, Chandra Sekhar Ghosh, and the interim leadership of Ratan Kumar Kesh.
Bandhan Bank Leadership and Vision
Chairman of Bandhan Bank, Anup Kumar Sinha, expressed confidence in Partha’s ability to steer the bank into its next phase of growth.
Partha’s proven track record in the industry is expected to be instrumental in strengthening the bank’s market position.
It will also help in making financial services more inclusive and sustainable.
In his statement, Partha emphasized his commitment to advancing customer-centric solutions.
He aims to foster innovation, and drive growth to deliver value for all stakeholders.
Partha’s immediate priorities at Bandhan Bank include addressing ongoing asset quality concerns.
This is particularly within the microfinance segment, and managing high operational costs.
Banking experts anticipate that his leadership will lead to a strategic realignment of the bank’s operations, focusing on enhancing customer service and expanding the bank’s reach.
Partha’s appointment was approved by the Reserve Bank of India (RBI) and recommended by the NRC of Bandhan Bank’s BODs.
With a tenure of three years, Partha brings nearly four decades of extensive banking experience to the role.
He began his career at the State Bank of India (SBI). Here he rose to the position of Deputy Managing Director and Chief Credit Officer.
He also served as the MD & CEO of Indian Overseas Bank (IOB) from 2020 to 2022, successfully guiding the institution out of the prompt corrective action (PCA) framework.
Transition and Team Dynamics
With Partha’s appointment, Ratan Kumar Kesh, who served as the interim MD & CEO since July 10, 2024, will resume his role as Executive Director and Chief Operating Officer.
The transition marks a new chapter for Bandhan Bank. With Partha’s extensive experience and leadership expected to drive the bank’s growth and innovation initiatives.
Partha Pratim Sengupta’s appointment as the new MD & CEO of Bandhan Bank signals a new era for the institution.
His vision for customer-centric solutions and sustainable financial services, combined with his proven track record, positions Bandhan Bank for success. This growth comes in the competitive banking industry.
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