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Bandhan Bank Eyes Gold Loan to Bolster Retail Loans Portfolio
August 28, 2017
With an aim to fortify its retail loans portfolio, private sector Bandhan Bank has decided to focus on gold loans now apart from the affordable housing segment.
Chandra Shekhar Ghosh, who is the Chief Executive Officer and Managing director of the private bank, said that they started offering gold loans facility to the customers five months ago. Additionally, down the road more and more urban branches will start to offer the product as well.
While today micro-lending makes up for a whopping 90% of the entire loan portfolio of Bandhan Bank, in the next few years it plans to reduce it to 25% as other products are added.
