Bandhan Bank to shift focus from large corporate loans to microfinance

At present, microfinance is 86% of Bandhan Bank's book

Bandhan Bank has said it will stay away from large corporate loans and remain focused on microloans in the short term. This comes after the bank took a hit on its books on account of loans given to Infrastructure Leasing and Financial Services (IL&FS).

At the bank’s fifth annual general meeting (AGM) in Kolkata, C S Ghosh, managing director and chief executive, said Bandhan Bank has identified four pillars of growth — to dominate and defend the core microfinance business, explore and expand affordable housing segment, explore and expand into adjacent domains of retail and micro enterprise, and garner low-cost funds