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Success Story of Chandrasekhar Ghosh who sold milk later became owner of Bandhan bank

By Lokmat English Desk | Updated: October 21, 2021 14:47 IST

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A milkman became the owner of the bank and reached the pinnacle of success. Chandrasekhar Ghosh, the owner of Bandhan Bank, was living a normal life.
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Chandrasekhar did not have money for education. He then completed his own education by teaching children. He then developed a sense of helping women and laid the foundation of Bandhan Bank. He is today the man running the show for a bank with a valuation in excess of Rs 30,000 crore.
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To make ends meet, Chandra Shekhar Ghosh had to sell milk during his early years. Son of a small sweets shop owner, Ghosh hails from Tripura.
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To fund studies, he gave tuitions to children. While supporting his father at his shop, Ghosh completed his Master’s degree in Statistics from Dhaka University.
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The young Chandra Shekhar Ghosh then took a job that paid a meagre salary of Rs 5000. He kept up with the job for many years in order to sustain his family.
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But then he finally decided to break free and do something different by late 1990s. He was appointed the program head at a village welfare society in Bangladesh working towards women empowerment.
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It was here that he got the idea to support enterprising women and started a microfinance unit to give small loans to them in 2001.
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Slowly and steadily, the institution grew and Ghosh eventually launched Bandhan financial services in 2015.
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Today, Bandhan Bank has more than 5,500 banking outlets and is operational in 34 out of the 36 Indian states and union territories with over 2.35 crore customers.
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Bandhan Bank, a micro-institution, was allowed by the Reserve Bank of India to operate as a commercial bank. Today, the bank provides loans of Rs 2 lakh to women in West Bengal on their own.
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Only women have membership in this bank and recovery rate is 100%. In 2011, International Finance Corporation, a subsidiary of the World Bank, invested Rs 135 crore in Bandhan Bank. Bandhan Bank provides financial assistance to many women.
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Tags: Bandhan BankChandra shekhar ghosh
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