CEO Chandra Shekhar Ghosh has a plan that will see the bank move away from its microfinance legacy. Can he pull it off?
Bandhan Bank and its CEO Chandra Shekhar Ghosh want to shed the legacy of microfinance as well as the tag of a lender focused on West Bengal and the north-eastern states.
The Kolkata-headquartered bank, seven years after it started operations with the grant of a universal banking licence to its microfinance parent, is still largely associated with microcredit. It is also seen as a bank catering to eastern India, as the bulk of its branches are located in the region.
Hence Ghosh’s desire to shake off the past. But how?
First, he plans to open about 550 branches in the …
Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.
Editor, Banking
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