Band­han Bank Poaches Two Top-level Ex­ecs from Ri­vals

The Economic Times - - Companies -

Saikat Das & At­madip Ray

Mum­bai & Kolkata: Band­han Bank, one of the two banks to get a bank­ing li­cence in 2014, has again tapped top ta­lent from more so­phis­ti­cated ri­vals to fill in gaps in re­tail bank­ing and in­for­ma­tion tech­nol­ogy space, and has ap­pointed Rahul Johri, for­mer re­tail head of DBS Bank, and Vi­jayku­mar Ra­makr­ishna, who was ear­lier with Yes Bank.

Band­han has built its top and mid-level bank­ing team by hir­ing lat­er­ally from other pri­vate lenders such as Axis Bank and HDFC Bank. It hired about 400 pro­fes­sion­als for gen­eral bank­ing and over 90% of them are from pri­vate ri­vals.

Johri has joined as re­tail bank­ing head and re­ports di­rectly to chief ex­ec­u­tive Chan­dra Shekhar Ghosh, while Ra­makr­ishna joined as its IT head. “We are now en­gaged in ca­pac­ity en­hance­ment for our re­tail team. Johri will be spear­head­ing this ef­fort,” Ghosh told ET, con­firm­ing the de­vel­op­ment.

He said the new bank is tak­ing small steps as far as re­tail lend­ing is con­cerned. “It’s im­por­tant that we cre­ate a ro­bust eco-sys­tem for re­tail lend­ing and are not in a hurry to push things.”

The Kolkata-based bank has built a 660-strong branch net­work in just about six months of its jour­ney. Its fo­cus has been to raise as much de­posits as pos­si­ble and has mo­bilised over .₹ 12,560 crore as of April this year.

Co ropes in Rahul Johri, for­mer re­tail head of DBS Bank, and Vi­jayku­mar Ra­makr­ishna, who was ear­lier with Yes Bank

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