Bandhan The Making of a Bank

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. Review ‘Tamal brilliantly captures the story of hope and what it takes to lift millions of Indians out of poverty.’ Deepak Parekh chairman HDFC Ltd ‘Recommended reading for those looking for inspiration’ Ashok Chawla former chairperson Competition Commission of India ‘Bandhan’s transformation is as unique as Tamal’s transition from a business journalist to an author’ D Subbarao former governor RBI ‘This is by no means a dry book on banking. It is a must-read not only for those who want to relive Ghosh’s entrepreneurial journey but for anyone who wants the larger picture in Indian banking’ R Jagannathan Former Editor First Post and Executive Editor Business Standard ‘The book weaves together a huge assortment of fascinating anecdotes of not only Chandra Shekhar Ghosh but many of his most trusted associates The New Indian Express ‘Bandyopadhyay provides an almost day-by-day run-up to Ghosh getting a banking licence. This part gets interesting and reads like a thriller.’ Financial Express About the 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.