Book Name:- Bandhan: The Making of a Bank
Author Name:- Tamal Bandyopadhyay
Bandhan: The Making of a Bank 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 ₹ 2 lakh, the sum total of his life savings.
On 17th June, 2015, Chandra Shekhar Ghosh stepped out of the Reserve Bank of India building in Mumbai with the much-coveted banking license, beating some of the country’s top corporate houses. This moment remunerated 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.
Bandhan is also Ghosh’s personal story-of a boy growing up in small-town Agartala struggling with poverty, but ruthless in his ambition to make it big. He battles competition, a tough economic climate, hostile moneylenders, 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.