Bandhan Bank to give a big push to affordable housing

Private sector Bandhan Bank is expecting to give a big push to the affordable housing sector after completion of its merger with Gruh Finance, its MD and CEO Chandra Sekhar Ghosh said. Ghosh told reporters here on Thursday said that the merger process, which has already got the approval from the Reserve Bank of India (RBI), was expected to be completed by December. "We have got the approval from the RBI. Now we are awaiting permission from the SEBI after which we will approach the NCLT", Ghosh said on the sidelines of a bank branch opening at Burrabazar in north Kolkata. He said "the entire process is expected to be over by the end of this year, after which the bank will give a big push to the affordable housing sector".