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Bandhan Bank yet to decide on IPO size required to meet regulatory norms

Bandhan Bank had emerged as among one of the highest among Mudra loan disbursements in West Bengal

Press Trust of India  |  Kolkata 

Bandhan CMD C S Ghosh, Photo: Subrata Majumder
Bandhan CMD C S Ghosh, Photo: Subrata Majumder

Private lender would decide on the size of the proposed IPO, which it was required to make to meet the regulatory norms.

"We are required to come out with the IPO not for money, but to meet regulatory compliance. The size and timing of the IPO will be decided on a later course", MD and CEO of Chandra Shekhar Ghosh said.


Ghosh said although the had appointed investment bankers to work out on the modalities of the IPO, likely to hit the capital market by August next year.

The present shareholders of Bandhan Bank, SIDBI, IFC and GIC of the Singaporean were likely to take part in the maiden offering.

Bandhan Bank, which started full-fledged operations in August 2016, was asked by to come out with the IPO in three years from then, he told PTI.

The had appointed Goldman Sachs, JP Morgan Chase and three others as investment bankers for the IPO.

Meanwhile, had emerged as among one of the highest among disbursements in West Bengal.

Till September 30, 2017, disbursement by the was Rs 2,177 crore.

First Published: Tue, October 10 2017. 15:48 IST
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