Bandhan Bank's retail deposits comprise of 80 percent of banks total deposits and is expected to remain strong, said Chandra Shekhar Ghosh, MD & CEO of the bank.

The bank has increased branches from 501 to 937 all across states and union territories. Around 71 percent of bank’s branches are in rural or semi-urban, said Ghosh.

In the last quarter, the bank opened 16,000-17,000 accounts per day, Ghosh added.

The bank is in talks with the Reserve Bank of India (RBI) with respect to reducing stake to 40 percent in three years, he said.

Currently, the lock-in-period for promoters after the listing is till March 27, 2019, Ghosh said.

With regards to the outlook, he said credit growth picked up in the last quarter of the FY18 and first quarter of FY19.

First Published:Aug 6, 2018 12:19 PM IST