Biography of Bandhan Bank’s CEO to be launched
The son of a sweet vendor, who encountered poverty with relentless ambition to one day
grow up to be a big man, Ghosh’s journey is more fascinating and thrilling than any reel life story. In 2016, Bandhan Bank was launched with 6.7 million small borrowers.
It is the first bank established in eastern India’s since Independence. The success of Bandhan Bank begs the question: did Ghosh build India’s biggest microfinance institution (MFI) from scratch and then transform it into a universal bank?
Bandhan: The Making of a Bank chronicles this journey. Penned by Tamal Bandopadhyay, a veteran business journalist, the book will be released by state Finance Minister Amit Mitra on June 14. RBI Deputy Governor HR Khan will be the guest of honour. The foreword of the book has been written by noted economist Kaushik Basu.
Ghosh’s career started with his life savings of Rs 2 lakh. Perhaps no one in India knows the psyche of a small borrower and the alchemy of turning a small business with the poor profitably into a success better than Ghosh. His journey is one of India’s biggest entrepreneurial stories.