According to RBI's bank licence norms, a private sector bank's promoter needs to pare holding to 40 per cent within three years, to 20 per cent within 10 years, and to 15 per cent within 15 years.
In the past four months, Bandhan Bank has underperformed the market by falling 32 per cent against 3 per cent rise in the S&P BSE Sensex till Tuesday. The stock hit 52-week low of Rs 402 yesterday
At 9:47 AM, the stock was trading 1.52 per cent higher at Rs 410 as compared to 0.7 per cent decline in the benchmark S&P BSE Sensex. A total of 26.4 lakh shares have changed hands on the NSE and BSE combined so far.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in