Bandhan Bank has officially named Partha Pratim Sengupta its new managing director and chief executive officer (MD & CEO), following approval from the Reserve Bank of India (RBI). The approval was communicated via a letter dated October 8, 2024. Sengupta will assume his new role by November 10, 2024, or earlier once he takes charge.
Sengupta accepted the role on October 9, 2024, and on October 10, confirmed that he would step down from his other commitments, adhering to the RBI’s stipulated terms and conditions, as mentioned in the press release.
Bringing nearly 40 years of banking expertise, Sengupta has extensive experience across diverse regions in both retail and corporate banking. His career began with the State Bank of India (SBI), where he rose to the position of Deputy Managing Director and Chief Credit Officer. Most recently, he was the MD & CEO of Indian Overseas Bank (IOB) until December 2022.
During his time at SBI and IOB, Sengupta successfully leveraged technology and innovation to achieve business goals. His long career spans various roles, including branch manager in retail and commercial banking, Forex and Trade Finance, and senior managerial positions such as general manager of mid-corporate banking.
From 2016 to 2018, Sengupta served as Chief General Manager of SBI’s Kolkata Circle, managing operations across West Bengal, Sikkim, and the Andaman and Nicobar Islands. As Deputy Managing Director and Chief Credit Officer at SBI, he led the Corporate Center Credit Committee and was involved in several high-level committees, including those focused on investments, fraud management, and operational risk.
Sengupta possesses an honors degree in physics and is a Certified Associate of the Indian Institute of Bankers. In addition, he has undergone leadership training at renowned institutions such as Harvard Business School, IIM Calcutta, and ISB Hyderabad.
