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Business EconomyPosted at: Sep 16 2020 5:07PM


Bandhan Bank further strengthens core management team

Kolkata, Sep 16 (UNI) Bandhan Bank has recently completed five years as a universal
bank and been successful in building a well-diversified loan book.
Yet, partnering the unbanked and the underbanked in their journey of becoming
entrepreneurs still remains a key focus for the Bank.
In line with the Bank’s business strategy, a new vertical has been formed to better
serve the emerging and diversified needs and aspirations of this segment.
This new vertical is called Emerging Entrepreneurs Business (EEB).
In addition to microloans, the vertical will also manage micro home loan, micro
bazaar loan and micro enterprise loan.
To spearhead EEB, the Bank has recently appointed Kumar Ashish as Executive
President and Head – EEB. Ashish is a veteran banker with over 26 years of
experience in setting up and managing businesses of significant scale in retail and
business banking, rural banking, microfinance, agri banking and treasury.
Ashish spent about two decades at ICICI Bank, where in his last role he was Senior
General Manager & Retail Business Head for North India, leading a 10,000+ strong
team of sales, relationship, service, credit and operations staff across Mortgage,
MSME Loans, Auto Loans, CV & CE Loans, Personal Loans, Jewel Loans, Credit
Cards, Deposits, Wealth Management, Fee Income and Branch Operations.
During the long stint with ICICI Bank, Ashish also led the Rural, Agri-business &
Micro Finance portfolios for the bank as the Country Head for those lines of
business.
In his last assignment prior to joining Bandhan Bank, Ashish was Group Director,
Airtel Money in Africa (a division of Airtel Africa), which runs mobile money
operations across 14 countries in sub-Saharan Africa.
Ashish will be based out of Bandhan Bank’s headquarters in Kolkata and will report
to Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer.
Speaking on his appointment, Ghosh said, “At Bandhan Bank, the last five years
have seen us build a strong foundation. We are committed to our next five-year
strategic vision and are ready for the next phase of growth. In line with the capability
requirements, the Bank has been focussing on capacity building both through training
and upskilling of existing employees, and through lateral hiring."
"I am delighted to welcome Kumar Ashish to the Bandhan Bank family. He brings
with him a wealth of experience in banking, which will be an asset for us. We are
confident that Ashish will drive the newly formed EEB vertical to success. I wish him
the best.”
UNI BM SJC
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