BharatPe has appointed Partha Pratim Sengupta as its nominee on the Board of Unity Small Finance Bank (Unity Bank), where BharatPe and Centrum Financial Services are shareholders. Sengupta is a career banker and a veteran in the banking and financial services industry, with 36 years of experience across public sector banks including State Bank of India and Indian Overseas Bank.
In his last stint, Sengupta was the managing director and chief executive officer (CEO) of the Indian Overseas Bank (IOB) for nearly 2.5 years. He was also the whole time director and officiating chairman of the Board at the bank. In addition to this, he was the nominee director of IOB in Universal Sompo General Insurance Co. Limited.
Prior to IOB, he spent more than thirty years at the State Bank of India (SBI), where he served as the deputy managing director and the chief credit officer. He was also the nominee Director of SBI across a number of companies including Yes Bank, ARCIL, National e-Governance Limited (NeSL) and West Bengal Financial Corporation.
Speaking on the appointment, Rajnish Kumar, Chairman of the Board, BharatPe, said, “I would like to congratulate Partha Pratim Sengupta for his appointment on the Board of Unity Bank. Partha, with his rich experience and in-depth understanding of various verticals of banking including corporate and retail banking, MSME and international banking, NPA and risk management and compliances, will be able to provide valuable guidance to the Management team of Unity Bank. Additionally, his vast experience as a Board member across banks and financial institutions will help Unity Bank craft a robust short and long-term strategy with a focus on growth and enhanced customer experience. This is our biggest investment and we are committed to building it as a new-age, digital-first Bank- that appeals to customers across age groups. In the last 1.5 years, Unity Bank has built a good foundation and I am confident that it will emerge as one of the most credible banks in the banking industry in the times to come.”