Bandhan Bank to focus on affordable housing post takeover of Gruh Finance

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Apart from the traditional area of microfinance, affordable housing will be another major growth areas for Bandhan Bank going forward. This apart, micro small and medium enterprises (MSME) will also be a focus area.

Speaking at the fourth anniversary of Bandhan Bank, its MD and CEO, C S Ghosh, said following the takeover of Gruh Finance, affordable housing will be a major area of growth for the bank. 

Notably, Bandhan Bank has largely remained focused on microfinance since inception. So far, its experiment with corporate loans had not been very encouraging. The bank has already burnt its fingers in IL&FS crisis, and