Would like Deepak Parekh to continue as a key advisor to the group: Atanu Chakraborty
Both the bank and HDFC Ltd have very high foreign shareholding. So, some shake-up from FIIs was expected. Some of the active funds were rebalancing their portfolios and moving toward bonds. But they were not buying because we were not in the index. Add to that the murmurs of regulatory roadblocks. Over the next few days since the announcement, we have explained to each and every institutional investor.
Bandhan Bank to halve its microfinance portfolio over the next two yearsThe private sector lender intends to diversify to new geographies and add more than 500 branches, mostly in semi-urban and rural areas beyond East India, most likely UP and South India.
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