Friday, January 9, 2015

Financial Hub: 5 more banks

Yesterday, at the Bengal Global Business Summit, we handed over allotment letters for plots at New Town Financial Hub to the following banks:

1. SBI
2. Bandhan Bank
3. Andhra Bank
4. Syndicate Bank
5. Canara Bank

Canara Bank has taken three plots. In addition, DRI, GoI have also been allotted a plot. Their letter is being sent by post.

A photo taken yesterday:
Allotment letter of plot in Financial Hub being handed over to
Mr Chandra Shekhar Ghosh, Chairman Bandhan Bank 
 At the Breakaway session yesterday, we decided to recommend the increase in scope of New Town Financial Hub to be New Town Arbitration and Financial Hub.
Today, we held a meeting with HSA Advocates Partner Anjan Dasgupta (whom I met yesterday at BGBS)  and his colleague Sanjukta Gupta to chalk out a plan of action.
* * *
Here are a few clippings from today's papers:
Pratidin dt 9 Jan 2015
Times of India dt 9 Jan 15

Times of India dt 9 Jan 2015
Ei Samay dt 9 Jan 2015
Bartaman dt 9 Jan 2015


  1. SBI is a big name and 5 banks in one go is definitely a big number. It all happened because of your hard work . Congratulations Mr. Sen :-)

    Please continue providing more updates on the finance hub.

    From the summary of the pre-bid meetings minutes, Oriental Bank of Commerce , GIC and Bank of Maharashtra seemed to be keen initially. Perhaps some small tweakings in our offer could also have made them interested to come on board.

    The more site visit happens in Financial hub...more the development of New Town as an investment destination will be recognized and appreciated.

    We should invite individually each of these corporate honchos , along with their CMDs and CEOS, in New Town and make them go around the place.

  2. Now, with such large number of PSU banks already on board, we should start targeting the prvt sector banks like HDFC, ICICI, DCB, Kotak Mahindra Bank, Yes Bank etc and perhaps now , we should explore what do they want and offer them a compelling proposition.

    17 FIs committing investment in a greenfield finance hub is a big number. The next rounds , will be smoother , hopefully, as there is a critical mass in place already.