Mumbai: Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of … Read more
“There are a good number of senior management people we have already boarded to the bank and they are also setting up the bank and so it is the right time, given we have a very professional team,” says Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank.What are your future plans?I need to retire and … Read more
Bandhan Bank managing director Chandra Shekhar Ghosh in an exclusive interview with BT TV shared his vision for the digital payments sector and said that it may launch its much-awaited credit card by March 2024. “As per customer demand, we have been introducing new products time to time. We haven’t ventured into credit cards yet. … Read more
Kolkata: Private sector Bandhan Bank plans a giant leap into retail lending as part of its evolution as a universal bank with a five-year business plan. The predominantly microfinance lender would now go all out in car loans, two-wheeler loans, consumer durable loans to raise its stake with urban and semi-urban middle class borrowers, managing … Read more
Ghosh, who has been heading Bandhan since its days as a microlender, termed the bank’s biggest setbacks — regulatory wrath for high promoter ownership and also the exposure to failed infra lender IL&FS – as “learnings”. Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience … Read more
Bandhan Bank MD & CEO Chandra Shekhar Ghosh. (PTI) Bandhan Bank on Monday said the Reserve Bank of India has lifted restrictions on remuneration of the bank’s MD & CEO Chandra Shekhar Ghosh at the existing level. The curbs were withdrawn after the lender met RBI norms to reduce promoters’ stake to 40 per cent. “This … Read more