Bandhan Financial eyes deposits from existing client base in bank avatar

Apr 11 2014, 00:55 IST
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Bandhan has just won approval from the Reserve Bank of India (RBI) to become a bank. Bandhan has just won approval from the Reserve Bank of India (RBI) to become a bank.
SummaryBandhan Financial’s Rs 6,000-crore book must be the cleanest in the business.

to be upgraded. Given that setting up the infrastructure is not going to be cheap, it’s unlikely Bandhan can drop loan rates too much in the near term, since it could take a while for the deposit base to get built.

First of all, though, Ghosh is looking to get his team together — a mix of insiders and fresh blood for specialised functions such as treasury management. “There is a team under me, but we will need to recruit people,” Ghosh says, sounding calm and collected and not in the least like a man who has bagged a much-coveted banking licence.

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