We won't sign MFI code as we already lend responsibly: Bandhan Bank chief

'MFIs need to lend responsibly. We don't do target-based lending', said Ghosh

With the Reserve Bank of India lifting restrictions on branch opening, Bandhan Bank is looking to add about 250 outlets in a month. This comes at a time when the microfinance industry is showing signs of stress. With close to 60 per cent of Bandhan’s portfolio being in microfinance, it is being pushed to sign a common code of conduct. In an interview, Chandra Shekhar Ghosh, managing director and chief executive of the bank, tells Namrata Acharya why the code is not fair. Edited Excerpts:

How will RBI’s decision to lift restrictions on branch opening translate into growth for you?

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