SME Times is powered by   
Search News
Just in:   • Modi hints at more steps to push growth to double digit  • Tourism-dependent MSEs can expand reach adopting IT: Travelyaari CEO  • Indefinite nationwide truck strike begins  • Media should act as means of empowerment: Naidu  • Committee to examine using MNREGA in agriculture 
Last updated: 13 Sep, 2017  

bandhan-bankTHMB.jpg Bandhan Bank appoints lead managers for proposed IPO

   Top Stories
» Modi hints at more steps to push growth to double digit
» Media should act as means of empowerment: Naidu
» Prabhu's recent US visit to help sort trade issues: CII
» Push collaboration with countries leading in AI: Study
» Prabhu reviews progress of sectoral export promotion strategy
SME Times News Bureau | 13 Sep, 2017
Bandhan Bank on Tuesday said it has appointed five lead managers, including Goldman Sachs Group and JPMorgan Chase, to manage its proposed initial public offer (IPO).

"The bank's board has decided to appoint Goldman Sachs Group Inc., JPMorgan Chase and Co, Axis Bank, JM Financial, and Kotak Mahindra Bank as lead managers to manage its proposed IPO. Kotak Mahindra Bank will act as the left lead in the issue," a bank statement said.

The private lender said the size of the share sale, its timing, and all other related aspects have not been finalised.

The final decision on the proposed IPO would be subject to all regulatory approvals.

The city-based lender completed two years as a universal bank and as per the Reserve Bank of India's guidelines, it has to go for an IPO in next year.

Lender's Managing Director and CEO Chandra Shekhar Ghosh, had said the bank would need to go for IPO within three years of starting the banking operations to comply with the RBI guidelines.

"I will not defer the launch of IPO, but timing of its launch will depend on the market conditions," he told reporters in August at an event to celebrate the bank's second foundation day.

The Bank reported a net profit growth of over 35 per cent year-on-year at Rs 327 crore for the first quarter ended June 30 compared with Rs 242 crore for the corresponding period a year ago.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(30)
» Modi interacts with Digital India beneficiaries(1)
» RBI eases NPA norms for MSMEs(1)
» Fiscal deficit, GDP data: Is it a turnaround(1)
» Modi interacts with young innovators, start-up entrepreneurs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter