Partha Pratim Sengupta To Join Bandhan Bank As MD & CEO

Sengupta accepted the position on October 9, 2024, and confirmed on October 10 that he would resign from his other commitments under the RBI's terms and conditions, as stated in the release

With nearly four decades of experience in the banking sector, Sengupta is a seasoned professional with a diverse background in retail and corporate banking

Source : PTI

Bandhan Bank has officially appointed Partha Pratim Sengupta as its new Managing Director and Chief Executive Officer (MD & CEO), following approval from the Reserve Bank of India (RBI). The RBI granted this approval in a letter dated October 8, 2024. Sengupta's tenure will begin once he assumes his role, which must be by November 10, 2024.

Sengupta accepted the position on October 9, 2024, and confirmed on October 10 that he would resign from his other commitments under the RBI's terms and conditions, as stated in the release.

With nearly four decades of experience in the banking sector, Sengupta is a seasoned professional with a diverse background in retail and corporate banking across various regions. He began his career at the State Bank of India (SBI), where he eventually rose to the position of Deputy Managing Director and Chief Credit Officer. Most recently, he served as the MD and CEO of Indian Overseas Bank (IOB) until December 2022.

While at SBI and IOB, he successfully leveraged technology and innovation to achieve business results. His extensive career encompasses roles as a Branch Manager in both retail and commercial banking, as well as in Forex and Trade Finance. He has also held several senior managerial positions, including General Manager of Mid-Corporate Banking.

From 2016 to 2018, Sengupta served as Chief General Manager of the SBI Kolkata Circle, where he was responsible for overseeing operations in West Bengal, Sikkim, and the Andaman and Nicobar Islands. As Deputy Managing Director and Chief Credit Officer at SBI, he chaired the Corporate Centre Credit Committee, which was pivotal in shaping the bank's credit policies. Additionally, he was actively involved in various high-level committees, contributing his expertise to investment strategy, fraud management, and operational risk assessment.

Sengupta holds an Honours degree in Physics and is a Certified Associate of the Indian Institute of Bankers. He has also completed leadership training at esteemed institutions, including Harvard Business School, IIM Calcutta, and ISB Hyderabad.