Micro finance institution, Bandhan
Financial Services might foray in to banking section with 600 divisions
initially, generally in rural parts over the country.Bandhan received the banking lincence from the Arrange Bank of India in April.
"We approach to begin with 600-700 divisions over the country. Many of them might be either existing people or new," Bandhan Financial CMD Chandra Sekhar Ghosh said.
He said that 80 per dollar of the divisions would be in the rural parts and the rest in the metropolitan regions.
Bandhan has 2,016 divisions, which 50 per dollar come in West Bengal.
Beginning with a capital of Rs 2 lakh in 2001, Bandhan's loan exceptional right now stood at Rs 6,200 crore, he explained at an involved program organised by Bharat Chamber of Commerce inn Kolkata on Friday.
He said that Bandhan was the greatest MFI with a industry share of 25 per cent.
With IFC and SIDBI as investors in the entity, Bandhan programs to begin banking procedures in 18 months.Ghosh stated that several investors were queuing up before Bandhan to make investments.
3:56 AM
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