December 25, 2024 07:12 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Former home secy Ajay Kumar Bhalla appointed Manipur Guv amid ethnic violence resurgence | Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people
Bandhan Bank

Bandhan Bank appoints Kamal Batra as Head – Assets

| @indiablooms | Jul 14, 2021, at 11:35 pm

Kolkata: To further bolster its goal of building a robust and granular retail assets franchise, Bandhan Bank announced the appointment of Kamal Batra as Executive President and Head – Assets, on Wednesday.

The Bank's 'Vision 2025' envisages a well-diversified and high-quality asset portfolio, strategically spread across secured and unsecured advances. This appointment is aimed at providing the necessary leadership direction and support towards the same. The four pillars of the Bank's asset base would comprise Emerging Entrepreneurs Business (erstwhile known as microbanking), Housing Finance, Commercial Banking and other Retail Assets.

Kamal will assume the responsibility for growing the Bank’s Commercial Banking (comprising SME lending and NBFC lending) business and Retail Assets (comprising Gold Loans, Personal Loans, Auto Loans, among others) portfolios.

The growth of these verticals will help the Bank capitalise on its robust liabilities franchise and cater to the needs of all Indians through an entire suite of offerings spanning deposits, business and retail loans, and third party products such as mutual funds and insurance, across physical and digital banking.

A veteran of the financial services sector with over twenty five years of experience, Mr. Batra, in his last role, was Executive Vice President and Head, Business Banking and Secured Assets at IndusInd Bank. His responsibilities included establishing the SME Lending Business and scaling up other businesses, including Loan Against Property, unsecured Business Loans, Channel Finance, Warehouse Finance, Gold Loans, Agriculture Loans and Loans Against Card Receivables. An alumnus of the Indian Institute of Management, Bangalore, Kamal has also previously worked with Indiabulls Group, ABN AMRO and Standard Chartered Bank.

"I am pleased to welcome Kamal to Bandhan Bank and wish him the best for his new role. Commercial Banking and other Retail Assets are key pillars of growth for the Bank and I hope Kamal's leadership will enable the creation of a diversified and high-quality assets franchise", said Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank.

Kamal will be based out of the Bank's headquarters in Kolkata and will report to the MD & CEO.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.