No plan to defer IPO by 3 years: Bandhan Bank

Reports earlier said that Bandhan Bank would seek permission to defer IPO by three years

The Kolkata-based Bandhan Bank is planning to come out with an initial public offering (IPO) in 2018 after it completes three  years of operations and not six years as it was thinking earlier.

There were reports earlier that Bandhan Bank would approach the Reserve Bank of India (RBI) to allow it to come out with an IPO in six years against stipulated three years on the lines of those given licence on tap.  

However, Bandhan Bank founder, Managing Director and Chief Executive Chandra Shekhar Ghosh said, “We personally thought about it (postponing IPO for three years). We thought whether we