Partha Pratim Sengupta officially took charge as the new MD and CEO of Bandhan Bank effective Friday, as announced by the lender.
Following the retirement of founder Chandra Sekhar Ghosh, Ratan Kumar Kesh, who had been serving as the interim MD and CEO, will return to his role as executive director and chief operating officer with Sengupta’s arrival.
The Reserve Bank of India (RBI) has approved Sengupta’s appointment as MD and CEO of Bandhan Bank, requiring him to join by November 10 for a three-year term.
Sengupta began his career at the State Bank of India, where he advanced to the role of deputy managing director (DMD) of the largest lender in the country. He subsequently served as MD and CEO of Indian Overseas Bank from 2020 to 2022.
Anup Kumar Sinha, Chairman of Bandhan Bank, stated in a release that “Sengupta’s established track record in the industry will be crucial in guiding Bandhan Bank into its next growth phase.”
Sengupta expressed, “I am privileged to become part of the Bandhan Bank family. My priority will be to enhance customer-centric solutions, strengthen the business, promote innovation, and ensure that financial services are inclusive and sustainable. I look forward to collaborating with the Bandhan Bank team to foster growth and create value for all stakeholders.”