Private sector lender Bandhan Bank will come out with its initial public offering (IPO) next fiscal to meet the RBI guidelines that mandates a listing within three years of starting banking operations.
“We have just started the process. We have one-year time with us till August 2018. It (the IPO) is not going to be completed this fiscal. We have just appointed five merchant bankers,” Bandhan Bank MD Chandra Sekhar Ghose said.