Bandhan Bank Appoints SBI’s Sanjeev Naryani As Head Of Business
At SBI, where he worked for 32 years, Naryani was handling the lender’s real estate and housing business as a general manager. At Bandhan Bank, he will lead the private lender’s branch banking, wholesale banking, agri-business, retail lending, third-party products and digital banking verticals.
Bandhan Bank witnessed a “very good” deposit growth in Q1, its Managing Director and Chief Executive Officer Chandra Shekhar Ghosh told BloombergQuint in a post-Q1 results conversation earlier. This growth can be attributed to the bank’s strong presence in the rural and semi-urban areas, Ghosh said.
Ghosh said the bank has fully provided for its exposure in Infrastructure Leasing & Financial Services in the March quarter. The lender’s gross non-performing assets declined to 2.02 percent from 2.04 percent in the previous quarter. Excluding its IL&FS exposure, the gross NPAs stood at 1.1 percent, he said.
On Monday, Bandhan Bank shares fell 5 percent to Rs 501.15 apiece on the BSE while the benchmark Sensex shed 0.80 percent to end the day at 38,031.13 points.