Kolkata, NFAPost: Bandhan Bank, the pan-India universal bank with inclusive banking at its core, is pleased to announce the appointment of two new directors to its Board of Directors.
The two directors, Suhail Chander and Subrata Dutta Gupta, will join the Bank’s board as Additional Directors (Independent), with effect from March 19, 2021, up to the date of the next Annual General Meeting; and as Independent Directors for a period of three years each, with effect from March 19, 2021, subject to the approval of the Bank’s shareholders.
Suhail Chander was the head of Corporate and Institutional Banking at IndusInd Bank before retiring in March 2020. He is a qualified Chartered Accountant and Honours Graduate in Economics from University of Delhi.
He has 37 years of rich experience across Banking Operations, Trade Finance, Retail and Wholesale Banking. He is also currently on the board of Canara Robeco Asset Management Co. Ltd.
Subrata Dutta Gupta has served as the Principal Financial Officer at the World Bank’s International Finance Corp. (IFC). He has a rich experience of over 35 years in asset-backed financing, including two decades in mortgage finance and over a decade in development finance.
He has also served as the Managing Director of BHW Birla Home Finance and worked with SREI International Finance in the past. Dutta Gupta is also on the Board of Joyville Shapporji Housing Finance Pvt. Ltd. as a nominee director of the Asian Development Bank.
Commenting on the appointment of the new directors, Chandra Bandhan Bank Managing Director & Chief Executive Officer Shekhar Ghosh said the company is delighted to welcome Chander and Dutta Gupta to the Board of Directors of Bandhan Bank.
“As the Bank embarks upon its journey towards Vision 2025, I am confident that their guidance will help the Bank further its growth journeY,” said Shekhar Ghosh.
Bandhan started in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustainable livelihood creation. It turned into an NBFC a few years later but the core objective remained financial inclusion.
When Bandhan Bank started operations on August 23, 2015, it was the first instance of a microfinance entity transforming into a universal bank in India.
On the day of launch itself, Bandhan Bank started with 2,523 banking outlets. Bandhan Bank is driven by a constant desire to serve better.
It offers world-class banking products and services to urban, semi-urban and rural customers alike. In the last few years of operations, Bandhan Bank has spread its presence to 34 of the 36 states and union territories in India with 5,197 branches & banking outlets serving 2.25 crore customers, as on December 31, 2020.
With its experienced management, diversified team and well-entrenched distribution, Bandhan Bank is well poised to meet the aspirations of its customers and stakeholders.