Bandhan Bank appoints Goldman Sachs, JP Morgan as lead managers for IPO

As per RBI guidelines, banks have to list their businesses within three years of operation

Kolkata-based Bandhan Bank has appointed Goldman Sachs, JP Morgan Chase, Axis Bank Ltd, JM Financial and Kotak Mahindra Bank as merchant bankers to list its Initial Public Offering (IPO) on the bourses.

Kotak Mahindra Bank will act as the left lead in this issue. The size of the share sale, its timing and other related aspects has not been finalised as yet, Bandhan Bank said in a statement.

The bank had initiated its listing process last month. However, the final decision on the proposed IPO will be subject to all regulatory approvals, the bank said.

As per the Reserve Bank