Bandhan Bank to Diversify to Stay as India’s Most Profitable
- Lender plans to lend to less-risky sectors such as gold
- Some of bank’s profitability metrics are the highest in India
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Indian micro-financier Bandhan Bank Ltd. will diversify lending and selectively tap more rural markets to cement its position as the nation’s most profitable lender after loan repayments improved.
“There is a big demand,” founder and Chief Executive Officer Chandra Shekhar Ghosh said in a recent phone interview. “Rural India is untapped and people there are not getting credit service. Lifestyles are going to change and they also have business needs.”