Bandhan

Bandhan
Author :
Publisher : Random House India
Total Pages : 291
Release :
ISBN-10 : 9789386057204
ISBN-13 : 9386057204
Rating : 4/5 (204 Downloads)

Book Synopsis Bandhan by : Tamal Bandyopadhyay

Download or read book Bandhan written by Tamal Bandyopadhyay and published by Random House India. This book was released on 2016-06-09 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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