Page 11 - Bandhan Bank

Bandhan Bank extends gain post Q2 business update; soars 14% in 1 week

The bank reported 20 per cent year on year (YoY) credit growth at Rs 76,724 crore for the quarter ended September 2020 (Q2FY21)

Bandhan Bank's collection efficiency ratio at 92 per cent in September

Collection efficiency ratio of private lender Bandhan Bank touched 92 per cent as on September 2020, the bank said in a regulatory disclosure on Wednesday

Stock tips by Nilesh Jain of Anand Rathi: Buy Muthoot Finance, Bandhan Bank

The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance

Nifty Bank index falls 2%; RBL, Bandhan, HDFC Bank down over 3%

India Ratings and Research has revised its outlook on the banking sector to 'Negative' for H2FY21.

Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Federal Bank has picked up momentum to improve the bias and with the RSI indicator indicating a trend reversal

After micro loans, housing finance to be next key focus for Bandhan: MD

Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has said. The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told PTI. Ghosh, who has been heading Bandhan since its days as a microlender, termed the bank's biggest setbacks regulatory wrath for high promoter ownership and also the exposure to failed infra lender IL&FS - as "learnings". He said it is good that the failure on the large exposures happened very early into Bandhan Bank's journey, which helped limit the losses, and affirmed that it will never lend to the large segment again. On the promoter share front, where the RBI had put restrictions including on network expansion and capping ..

HDFC Bank, RIL help Sensex settle 478 pts higher; Nifty ends at 11,385

All that happened in the markets today

Bandhan Bank gains over 2% as RBI lifts restrictions on CEO's remuneration

The restrictions were imposed by the RBI in September 2018 as the bank's promoters failed to comply with licensing requirements of reducing their stake in the bank

RBI lifts curbs on Bandhan Bank CEO's pay package after promoter cuts stake

According to RBI's licensing norms, any bank offering 'universal' services needs to bring down the promoter's stake to 40 per cent in three years from the date of commencement of operations

Banks have opportunity to tap into rural sector in post-Covid world: Ghosh

Bandhan Bank has already disbursed around Rs 3,500 crore in rural locations last month, Ghosh said during a webinar organised by the MCCI

How Chandra Shekhar Ghosh plans to stay focused on country roads

About 71% of Bandhan's banking outlets are located in rural and semi-urban areas

UBS Principal Capital Asia sells shares worth Rs 150 cr in Axis Bank

A total of 3.5 million scrips of the private sector lender were sold at an average price of Rs 428.7 apiece, valuing the deal at Rs 150 crore, according to block deal data on the BSE

After the moratorium: Banks have to face their bad loan problem, again

Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay

Top headlines: Economic recovery 'fragile', China opposes TikTok deal

Here are the top headlines of the day

BlackRock, three others buy $1.4 billion of Bandhan Bank shares

Bandhan Bank's shares plunged 10.5 per cent on Monday after the transaction, its biggest loss since March 30. They were up as much as 2 per cent on Tuesday

With 20% stake dilution, compliance taken care of: MD & CEO, Bandhan Bank

The first dilution had to be done in three years. We now have five years in hand to reduce to 20 per cent, the MD and CEO tells Business Standard

Bandhan Bank says meets all licensing norms with promoters' 21% stake sale

Bandhan Financial Holdings, the holding company of the bank, sold nearly 337.4 mn shares at a minimum of Rs 311 apiece to raise Rs 10,500 cr

Bandhan Bank's holding co pares stake to 40% to comply with licensing norms

In terms of the guidelines of the licensing of new private lenders issued by RBI, BFHL was required to bring its excess shareholding to 40% of the paid-up voting capital of the bank

Bandhan Bank tumbles 12% as 21% equity changes hands via block deal

Blooomberg had reported recently that Bandhan Bank's main shareholder Bandhan Financial Holdings was looking to sell 337.4 million shares in a block trade today, seeking to raise $1.4 billion

Bandhan Bank's main shareholder seeks $1.4 billion in stock sale

Those shares are offered at a floor price of $4.16 each, according to the terms