Bandhan Bank has finalized its plans for an IPO and it has appointed Goldman Sachs, JPMorgan Chase, Axis Bank, JM Financial and Kotak Mahindra Bank as merchant bankers for the purpose. The bank has not finalized the size of the share sale, its timing and other related aspects although it had initiated the listing process in August. Since its launch, the bank has collected deposits of over Rs 24,500 crore, and its outstanding loan book is Rs 21,235 crore. The bank operates across 33 Indian states and Union Territories through a network of 844 branches, 2,485 doorstep service centers and 384 ATMs. It has some 11 million customers.
