Bandhan Bank prepares for IPO

Two entities have received a universal banking licence in 2015, including Bandhan Bank, which now is preparing for an IPO.

The RBI had given an in-principle approval to infrastructure financier IDFC Ltd and microlender Bandhan Financial Services Pvt. Ltd to start new banks, making them only the third set of private sector lenders to be given such licences in past two decades.

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