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Bandhan : The Making of a Bank
Publisher:
Penguin Random House
| Author:
BANDYOPADHYAY, TAMAL
| Language:
English
| Format:
Paperback
₹499 ₹374
Save: 25%
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ISBN:
Categories: Banking, Biography & ​Memoir
Page Extent:
304
This is the story of Bandhan, the only bank that emerged in eastern India after Independence. Founded by the son of a sweet vendor, with a mere Rs 2 lakh, the sum total of his life savings.
On 17 June, 2015, Chandra Shekhar Ghosh stepped out of the Reserve Bank of India building in Mumbai with the much-coveted banking licence, beating some of the country’s top corporate houses. This moment compensated for all the frustrations that had come along the way. A year later, Bandhan Bank was launched with 6.7 million small borrowers. So, how did Ghosh build India’s biggest MFI from scratch and then, along with his team, transform it into a universal bank? Bandhan: The Making of a Bank chronicles that journey.
This is also Ghosh’s personal story-of a boy growing up in small-town Agartala struggling with poverty, but relentless in his ambition to make it big. He battles competition, hostile moneylenders, a tough economic climate and the perpetual lack of resources. Nobody in India perhaps knows better than him the psyche of a small borrower and the alchemy of doing business with the poor, profitably. This is one of India’s biggest entrepreneurial stories.
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Description
This is the story of Bandhan, the only bank that emerged in eastern India after Independence. Founded by the son of a sweet vendor, with a mere Rs 2 lakh, the sum total of his life savings.
On 17 June, 2015, Chandra Shekhar Ghosh stepped out of the Reserve Bank of India building in Mumbai with the much-coveted banking licence, beating some of the country’s top corporate houses. This moment compensated for all the frustrations that had come along the way. A year later, Bandhan Bank was launched with 6.7 million small borrowers. So, how did Ghosh build India’s biggest MFI from scratch and then, along with his team, transform it into a universal bank? Bandhan: The Making of a Bank chronicles that journey.
This is also Ghosh’s personal story-of a boy growing up in small-town Agartala struggling with poverty, but relentless in his ambition to make it big. He battles competition, hostile moneylenders, a tough economic climate and the perpetual lack of resources. Nobody in India perhaps knows better than him the psyche of a small borrower and the alchemy of doing business with the poor, profitably. This is one of India’s biggest entrepreneurial stories.
About Author
Tamal Bandyopadhyay, consulting editor of Mint, and adviser, strategy, at Bandhan Bank, is one of the most respected business journalists in India. Tamal has kept a close watch of the financial sector for close to two decades and has had a ringside view of the enormous changes in Indian finance and banking sector over the period. His previous books, A Bank for the Buck and Sahara: The Untold Story, have been non-fiction bestsellers.
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