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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
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