Bandhan Bank on 14th June announced the appointment of Kamal Batra as Executive President and Head (Assets) of the bank. He 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 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 micro banking), Housing Finance, Commercial Banking and other Retail Assets," the bank said in an official statement.
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, it added.
Kamal holds over twenty-five years of experience in the financial sector. Prior to joining Bandhan Bank, he was the Executive Vice President and Head, Business Banking and Secured Assets at IndusInd Bank.
In his previous role, Kamal was responsible for 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, Managing Director & Chief Executive Officer, Bandhan Bank.