GIC-backed Bandhan Bank is said to select banks for $780m IPO

GIC-backed Bandhan Bank is said to select banks for $780m IPO

Bandhan Bank. Photo: Mint

Bandhan Bank Ltd., the first Indian microfinance lender to get a banking permit, has picked arrangers for an initial public offering that could raise at least 50 billion rupees ($780 million), people with knowledge of the matter said.

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