You are here: Home >> English News & Features >> Business & Economy

We will prove that serving the poor is sustainable and cost effective for a bank: Bandhan chief CS Ghosh

DNWEB4933 | 9/16/2014 | Author : Rajanya Bose | WC :870



Even as it is set to transform itself from a microfinance institution to a bank, Bandhan​ promises to maintain the poor as their target for loans and advances. The institution that is present across 22 states and has a 13 million customer base, received the in-principle approval for the banking license in April this year.
When I first interviewed the chairman and managing director CS Ghosh in 2010, he was happy in the world of micro finance. He was convinced he did not want to get listed and wanted to focus only on the group that did not get access to funds otherwise. A lot has changed since then. He had told me then, that he was more open to equity coming in from individual private investors and did not want to enter the mar
Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Business & Economy

RBI saw inflation rise, but chose to cut rates
DNMUM394642 | 8/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :593

Mumbai: Despite risks to inflation, Reserve Bank of India (RBI) governor Urjit Patel and his deputy Viral Acharya voted for a 0.25% rate cut in the Monetary Policy Committee (MPC) meeting this month.Patel said inflation expectations of househo
Add To LightboxCalculate Price

Retail investors eye NCDs as deposit rates fall
DNMUM394643 | 8/17/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :805

Kolkata: It’s not just equity markets that are on fire. Thanks to the increase in participation from retail investors, corporate debt issuances in the form of non-convertible debentures (NCD) are on the rise.The development comes as investors a
Add To LightboxCalculate Price

CIL net worth drops `10K cr on dividends
DNMUM394644 | 8/17/2017 12:00:00 AM | Author : Sumit Moitra | WC :478

Kolkata: Policy of excessive dividend payout is taking a toll on Coal India’s financial health. In the last fiscal, the networth of world’s largest coal miner has depreciated by close to Rs 10,000 crore to Rs 24,507 crore. It was Rs 34,815 cror
Add To LightboxCalculate Price

Allocate assets instead of tracking market trend
DNMUM394645 | 8/17/2017 12:00:00 AM | Author : Jharna Agarwal | WC :315

Picking up the right investments is often tricky. There are a number of products available in the market like stocks, bonds, mutual funds, private equity, structured products, and so on. However, having the correct knowledge to invest into the
Add To LightboxCalculate Price