BANGALORE: A microfinance institution named Bandhan that is on the way to become a bank shortly received 15 to 20 percent of applications from the reputed Indian Institutes of Technology and Indian Institutes of Management, reports Namrata Acharya of Business Standard.

Most of the applicants are already employed in top positions at public- and private-sector banks.

Bandhan has opted Kolkata as its headquarters for the proposed banking venture.

After, this finance institution send out advertisement  for the recruitment of 15 posts with three to 15 years of experience, it received around 27,000 applications in just 15 days revealed C S Ghosh, the Chairman and Founder of Bandhan, .

Out of all the applicants received, half of themare from outside West Bengal and several top-notch executives from the corporate world have expressed interest in joining the bank.

Ghosh exclaimed, “We expected this kind of response to our advertisement. One of the criteria for these jobs will be candidates’ willingness to align with the Bandhan philosophy: Working with the poor. We need people from different strata. So, while highly qualified professionals are needed, so are plain graduates,” reports BS.

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