Bandhan Bank's MD, Chandra Shekhar Ghosh, has said India is unlikely to hike interest rates due to the limited risks of a further ATM hike revealed by India's first quarter inflation numbers. The bank has suffered since its IPO last year as it has underperformed compared to its peers due to issues such as lower-than-average growth and asset quality. Shares in Bandhan Bank slumped by almost 7% at the end of last week following the resignation of CFO Sunil Samdani.