Bandhan Bank to stay away from corporate loans, focus more on micro-loans

The gross NPAs of Bandhan Bank at the end of Q4FY19 for the bank stood at 2.04%, against 1.25% in the same quarter a year ago

After taking a hit on account of loans to IL&Fs, Bandhan Bank will stay away from big corporate loans, and will remain focused on micro-loans in the short term.

Speaking at the fifth annual general meeting of Bandhan Bank here on Friday, C S Ghosh, managing director and chief executive of the bank, said the bank had identified four pillars of growth — dominate and defend the core microfinance business, explore and expand affordable housing segment, explore and expand into adjacent domains of retail and micro enterprise and garner low cost funds from core and related segments.

Responding to shareholders’ queries on