The bank currently has 840 branches spread across different states in the country
IDFC Bank has managed to reduce these stressed assets significantly
Performance was on the back of healthy growth in its microfinance portfolio
It reported net profit of Rs 1,111 cr for 2016-17 as against an annualised Rs 500 crore in 2015-16
Reports earlier said that the bank would seek permission to defer IPO by three years
Bandhan Bank will now charge its micro borrowers interest at 18.52% a year, down from 19.90%
In less than a year, it has left several of its peers behind
He was speaking at the first year anniversary of Bandhan Bank's operations
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
Interview with Managing Director, Bandhan Bank
Bandhan intends to start the services on a pilot basis in one of its recently opened high net worth individual (HNI, or rich person) branch in Kolkata
The transition from a MFI to a universal bank has meant that the West Bengal-based major has had to shed its conservative approach to advertising & marketing