Bandhan Bank seeks buyer for its Rs 775-crore distressed affordable home loan portfolio
Bandhan Bank has invited offers for its Rs 775-crore distressed affordable housing loan portfolio, likely an indicator of the emerging stress among the lower-income group, said people with knowledge of the offers.
The private lender’s portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between Rs 10 lakhs and 12 lakhs. The bank invited offers in cash by December 2, the people cited above said.