Company Profile

Bandhan Bank has received approval from its Board of Directors for increasing foreign investment limit to 49 percent in the lender. This will help the bank to bring down promoter shareholding to the desired level. The bank has faced Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rule.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

HDFC has acquired 9.89 per cent stake in Bandhan Bank as part of scheme of merger. As many as 15.93 crore share of the bank was transferred to HDFC. Earlier this month, the bank merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent.

In accordance with the scheme of merger, 9.89 per cent stake of the total share capital of Bandhan Bank has been alloted to HDFC.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Bandhan Bank for not bringing down the promoter shareholding to 40 per cent. RBI imposed the penalty on account of failure to pare the shareholding of Bandhan Financial Holding to 40 percent of its paid-up voting capital, within three years from commencement of the business of the bank.

The bank had recently merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Bandhan Bank is currently trading at Rs. 618.50, down by 5.00 points or 0.80% from its previous closing of Rs. 623.50 on the BSE.

The scrip opened at Rs. 615.00 and has touched a high and low of Rs. 623.70 and Rs. 593.80 respectively. So far 456199 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 29-Oct-2019 and a 52 week low of Rs. 383.20 on 30-Oct-2018.

Last one week high and low of the scrip stood at Rs. 650.00 and Rs. 558.40 respectively. The current market cap of the Bank is Rs. 99671.14 crore.

The promoters holding in the Bank stood at 82.26%, while Institutions and Non-Institutions held 15.75% and 1.99% respectively.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Bandhan Bank for not bringing down the promoter shareholding to 40 per cent. RBI imposed the penalty on account of failure to pare the shareholding of Bandhan Financial Holding to 40 percent of its paid-up voting capital, within three years from commencement of the business of the bank.

The bank had recently merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Bandhan Bank has reported results for second quarter ended September 30, 2019.

The Bank has reported 99.28% rise in its net profit at Rs 971.80 crore for the quarter under review as compared to Rs 487.65 crore for the same quarter in the previous year. Total income of the Bank increased by 66.14% at Rs 3,050.55 crore for Q2FY20 as compared Rs 1836.08 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 1.76%, as compared to 1.29% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.56% in Q2FY20.