In the past six months, at least three former State Bank of India (SBI) executives have been appointed managing director and chief executive officer (MD and CEO) of different private sector banks, with Partha Pratim Sengupta being the latest.
Last week, the Reserve Bank of India (RBI) approved Sengupta's appointment as MD and CEO of Kolkata-based Bandhan Bank. He will take charge in November.
Sengupta was the deputy MD and chief credit officer at SBI. He was later appointed MD and CEO of the public sector lender Indian Overseas Bank. He is widely credited with turning around the Chennai-based lender and taking it out of the prompt corrective action framework. The CEO position fell vacant at Bandhan after founder Chandra Shekhar Ghosh announced a surprise retirement in April this year.
This story is from the October 14, 2024 edition of Business Standard.
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This story is from the October 14, 2024 edition of Business Standard.
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