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Kolkata-based Bandhan Bank gets SEBI nod to launch its IPO

In spite of the fact that, the measure of IPO is yet to be solidified before it hits the market, Bandhan Bank but as per the market reports that it would be a 2,000 Crore IPO.

Since numerous months, IPO is giving tremendous pick up to Investors and Traders without much hazard as Indian Economy is getting enduring and stable step by step. Bandhan Bank is following a similar way where long term investors increase great returns once the IPO is listed.

When we concentrate on this Financial company, Bandhan Bank was started with micro-finance lender and has recently acquired banking license in 2015, has been setting goals and making unique strategies to offer IPO.

In two decades, RBI has given just 2 licenses in private part i.e. framework agent IDFC Ltd and Bandhan Bank Ltd. to begin another bank. Prior in 2004, Yes Bank and Kotak Mahindra Bank was the private lender to get banking license from RBI.

Also, as per Bandhan Bank authorities, it has just begun to short list merchant bankers for its proposed IPO and has arranged all the formal correspondence which is planned for coming weeks.

Bandhan Bank IPO will be a mixture of primary and secondary share sale. It will take after all the RBI standards to enable postings to fortify its capital in beginning period. Initial public offering costs still stay obscure.

In last quarter, its deposits were raised 51% to Rs 22,439 crore toward the finish of June. Cost of deposits has over the previous year came down from 8.22% to 7.04%. The bank’s total outstanding loans stood at Rs21,389 crore as of the end of June.

When we concentrate on IPO picks up history for banks classification, RBL Bank Ltd and the offer offers of little fund banks—AU Small Finance Bank, Ujjivan Financial Services Ltd and Equitas Holdings Ltd. have officially shared great returns when it recorded.

Prior a month ago, Cochin Shipyard shared gigantic picks up in its postings to its IPO investors and traders.

Bandhan Bank has strong branches foothold of 840 branches and 2,444 doorstep service centers in 33 states and union territories.

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