The Reserve Bank of India (RBI) issued the first banking licence to a microfinance organisation, creating Bandhan Bank, against the backdrop of two realities. One was the need to quicken the process of financial inclusion. The second was to address the lure of Ponzi schemes which had been particularly active historically in eastern India — the home base of Bandhan Microfinance.
Half a year into being a bank, what are the learnings? The first shortcoming that needs addressing, feels Chandra Shekhar Ghosh, Managing Director of Bandhan Bank, is that “in our country there is no. . .
