Bandhan starts recruitment drive

Micro-finance institution Bandhan Financial Services, which is going to set up a new generation bank with its headquarters in the city, has embarked on a recruitment drive prior to starting banking operations.

Sources in Bandhan told PTI that the entity was in the process of recruiting high-end professionals in various fields like IT, treasury and others areas for which it had issued advertisements in some dailies. Bandhan had got the in-principle license from the Reserve Bank of India along with IDFC for starting banking operations in the country.

Chairman of Bandhan Chandra Sekhar Ghosh earlier told PTI that the proposed bank would harness the best skills available in the market, so that customers were able to get the flavour of a new generation bank.

However, he said that the shift from an MFI (micro-finance institution) to a new-generation bank would require a change in the mindset of the existing employees as they were so far dealing with poor people living in the semi-urban and rural areas.

For a seamless transition, Bandhan has already roped in renowned consultancy firm Deloitte for suggesting on the nuances while a committee has been formed comprising representatives from both the sides.

The bank would start functioning within the current financial year, Ghosh said.