Bandhan Bank appoints Partha Pratim Sengupta as new MD & CEO

Sengupta holds a degree in Physics Honours and is a Certified Associate of the Indian Institute of Bankers.

Bandhan Bank has officially announced the appointment of Partha Pratim Sengupta as its new Managing Director and Chief Executive Officer (MD & CEO), following the Reserve Bank of India’s (RBI) approval. The RBI granted this approval through a letter dated October 8, 2024. Sengupta's tenure will commence once he takes charge, no later than November 10, 2024.

Sengupta accepted the position on October 9, 2024, and confirmed on October 10 that he would step down from his other engagements in compliance with the RBI's terms and conditions, the media release added.

With nearly four decades of experience in the banking industry, Sengupta is a seasoned professional who has worked across various geographies in both retail and corporate banking. He began his career at State Bank of India (SBI), where he progressed to become Deputy Managing Director and Chief Credit Officer. Most recently, he served as MD & CEO of Indian Overseas Bank (IOB) until December 2022.

During his tenures at SBI and IOB, he effectively utilized technology and innovation to drive business results. His extensive career includes roles as Branch Manager in retail and commercial banking, Forex and Trade Finance, and various senior managerial positions, including General Manager of Mid Corporate Banking.

Between 2016 and 2018, Sengupta was Chief General Manager of the SBI Kolkata Circle, overseeing operations in West Bengal, Sikkim, and the Andaman and Nicobar Islands. As Deputy Managing Director and Chief Credit Officer at SBI, he chaired the Corporate Centre Credit Committee and participated in several high-level committees, including those for investment, fraud management, and operational risk.

Sengupta holds a degree in Physics Honours and is a Certified Associate of the Indian Institute of Bankers. He has also received leadership training from prestigious institutions, including Harvard Business School, IIM Calcutta, and ISB Hyderabad.