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Media Reviews

Book review:Bandhan-The Making of a Bank by Raoji

Bandhan-The Making of a Bank by Tamal Badyopadhyay is the kind of book that you read and marvel at the wonder that is Indian entrepreneurship.

Civic and policy lessons from Bandhan

‘Bandhan: The Making Of A Bank’ by Tamal Bandyopadhyay is an engrossing tale of detail, of transformation of a simple not-for-profit activity into a full-fledged bank

Sweat equity: Bandhan Bank and its rise to prominence

The book does not deal with the background story of lobbying and counter lobbying but narrates the simple story of dedication of Ghosh and his team in delivering finance to those who have no source of getting the same.

GHATOTKACHSERIESIII- A strategic commentary on India from a right-of-centre perspective

New economic success stories from Bengal over the last three decades are rare. And ones that feature Bengalis running things successfully are even more scarce. There are a few notable exceptions- Bandhan is one, then there’s Peerless, and the ABP Group.

The Story Of A Man, His Inclusive Vision And How It Morphed Into Bandhan Bank

One of the big problems in Indian business is scaling up. You becomesuccessful as a small entrepreneur through hard work, grit and guts, and then either the regulator or politicians get in the way. If you are a small scale manufacturer, you get tax benefits that you are reluctant to lose when you want to scale up. If you are a microfinance institution, the freedom you enjoy from excess regulation disappears if you want to become a bank.

Bandhan: The Making of a Bank

Bandyopadhyay starts by saying that while he has links with the bank, this is not a biography, but a narrative of the creation of Bandhan Bank, hence making it clear that it’s not a sponsored book. He initially gives us a background of the creation of the MFI, where Chandra Shekhar Ghosh took his chances. Ghosh had actually seen women borrow R500 everyday from a lender and pay it back in half a day with an addition of R5. One can calculate the implicit interest rate on such a deal if R5 is reckoned as a half-day payment, which would be R10 a day.