RBI approves Partha Pratim Sengupta as Managing Director and CEO of Bandhan Bank for a three-year term.

The Reserve Bank of India has approved Partha Pratim Sengupta as the new Managing Director and Chief Executive Officer of Bandhan Bank for a three-year term, effective by November 10, 2024. Sengupta, who has four decades of banking experience, previously served as MD & CEO of Indian Overseas Bank and has a background with State Bank of India. His appointment may indicate a focus on modernization at Bandhan Bank. Additionally, a forensic audit on the bank's insurance claims has led to a settlement for 65% of claims, totaling ₹1,231.29 crore.

October 10, 2024
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