Bandhan Bank will soon finalise the long-pending plan to reduce its promoters’ stake to 40 per cent as required by the Reserve Bank of India (RBI). C S Ghosh, managing director and chief executive, said an Offer for Sale was among the measures being considered.
In January, it announced the merger of Gruh Finance with itself, which reduced the promoters’ stake to about 61 per cent, from the earlier 82.3 per cent. The RBI says promoter stake in the new private banks is not to exceed 40 per cent.
“We have a plan...We will shortly close it,” said
In January, it announced the merger of Gruh Finance with itself, which reduced the promoters’ stake to about 61 per cent, from the earlier 82.3 per cent. The RBI says promoter stake in the new private banks is not to exceed 40 per cent.
“We have a plan...We will shortly close it,” said