Bandhan Bank planning to come out with IPO next fiscal

23 Sep 2017 Evaluate

Private sector Bandhan Bank is planning to come out with an initial public offer (IPO) in the early part of the next fiscal. In this regards, the bank has appointed five merchant bankers and the process of IPO has just started.

The Reserve Bank of India’s guidelines mandated the bank to get itself listed within three years from the commencement of banking operations. The bank started operations in August 2015. The bank’s capital adequacy ratio stood at 26 per cent as on June 30.

Bandhan Bank Share Price

188.15 1.75 (0.94%)
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