Bandhan Bank Poaches Two Top-level Execs from Rivals
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