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Bandhan Bank slashes interest rate by 70 bps on micro loans

18 Jun 2019 Evaluate

Bandhan Bank has slashed the interest rate on micro loans by 70 basis points to 17.95 per cent. The revised rate will be applicable to new disbursements from June 18.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Peers
Company Name CMP
HDFC Bank 701.15
ICICI Bank 1338.10
Axis Bank 1252.00
Kotak Mahindra Bank 442.00
Indusind Bank 847.60
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