MUMBAI, Jan. 11 -- Bandhan Bank on Thursday said a Rs 385 crore loan made to a borrower from the "infrastructure development and finance sector" had turned sour in the December quarter. Without naming Infrastructure Leasing and Financial ServicesLtd(IL&FS), the bank said it fully provided for the loan in the same quarter.

Bandhan Bank managing director chief executive officer Chandra Shekhar Ghosh said the loan was a secured asset with AAA rating. This loan was the only exposure it had in the infrastructure space and there was no loan above Rs 25 crore on its books, other than a few loans to micro finance institutions (MFIs). "This loan was taken in two tranches in 2016 and then again about a year back," Ghosh said.

He added that the bank...