Is Bandhan Bank owned by HDFC?
HDFC, a public shareholder in Bandhan Bank, held 9.89 per cent stake in the private lender at the end of the December quarter, shareholding data with the exchange showed. Meanwhile, Societe Generale picked up over 1.9 crore shares of the bank for Rs 306.55 per piece at an estimated Rs 585 crore.08-Apr-2022
Zee Business Video Team | Updated: December 2, 2022 19:36 pm According to NSE data, investment firm Plutus Wealth Management bought 90 lakh scrips of the private lender for an average price of Rs 235.65 per share, amounting Rs 212.08 crore.02-Dec-2022
Why did Bandhan Bank fall?
Poor quarterly results. Bandhan Bank on Friday last week reported a net profit of Rs 2.1 bn for the quarter ended September 2022 as against a Rs 30.1 bn loss in the year-ago period, owing to a sharp fall in provisions and a rise in net interest income.01-Nov-2022
Anup Kumar Sinha will be appointed as part-time chairman of Bandhan Bank post the merger with Gruh Finance, the company said. The share swap ratio implies that the pricing for the Badhan-Gruh merger is in line with the six-month weighted average price of the two companies.09-Jan-2019
Is Bandhan Bank approved by RBI?
Kolkata, November 1, 2021: The Reserve Bank of India (RBI) has authorised Bandhan Bank as an Agency Bank of the RBI for undertaking Government business.
Moreover, it is safe & secure to keep all your money, which is the highly sought-after feature of savings accounts. You can choose from the savings account facility offered by Bandhan Bank, which offers 1.7 times more interest rates than the average market rate.15-Jul-2022
Is Bandhan Bank merging?
Bandhan Bank and GRUH Finance are merging. GRUH Finance is the housing finance subsidiary of HDFC. Bandhan Bank is India's youngest bank which was listed on the stock exchange in 2018.GRUH Finance & Bandhan Bank Merger: Why are they Merging?
1. Punjab National Bank (PNB) will take over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's largest lender after the State Bank of India (SBI) in terms of business. 4. Allahabad Bank will become part of the Indian Bank.
Which bank is better Bandhan or HDFC?
Bandhan Bank LTD is most highly rated for Job security and advancement and HDFC Bank is most highly rated for Culture.Overall Rating.
View 28 reports from 10 analysts offering long term price targets for Bandhan Bank Ltd.. Bandhan Bank Ltd. has an average target of 329.60. The consensus estimate represents an upside of 36.03% from the last price of 242.30.
Is Bandhan Bank good to invest?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bandhan Bank Ltd is likely to Fall in the short term.
Bandhan Bank is the first bluechip growth stock on our list. The bank is India's youngest universal bank that aims to reach out to the unbanked and under-banked segments of the population.11-Jan-2022
What was the IPO price of Bandhan Bank?
₹ 370-375 Per Equity
HDFC is required to sell shares in Gruh to facilitate the latter's merger with Bandhan Bank. RBI had directed HDFC to hold 9.9 per cent or less in Bandhan Bank post the merger. The merger would also help Bandhan Bank reduce promoter shareholding from nearly 82 per cent to 61 per cent.30-Aug-2019
Which bank is better Bandhan or RBL?
Bandhan Bank LTD is most highly rated for Job security and advancement and RBL Bank is most highly rated for Work/life balance.Overall Rating.
Axis Bank is most highly rated for Job security and advancement and Bandhan Bank is most highly rated for Job security and advancement.Overall Rating.
Is Bandhan Bank a universal bank?
Bandhan Bank started operations as a universal bank on August 23. It became the first microfinance company in India to get a universal banking licence.
EEB has two broad categories: microcredit, where borrowers are part of a group and make weekly repayments; the second bracket is individual loans. These are given to those who run bigger businesses, and whose monthly household income is higher. Bandhan Bank built its reputation first as a microfinance institution.18-Jan-2021
How strong is Bandhan Bank?
Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of over ₹99,366 crore and its total advances stand at over ₹95,835 crore as of September 30, 2022.
What is the minimum salary in Bandhan Bank? Minimum salary at Bandhan Bank depends on the role you are applying for. For Branch Sales Executive the minimum salary is ₹1.9 Lakhs per year, for Senior Officer the minimum salary is ₹2 Lakhs per year and so on.
Which is better ujjivan or Bandhan Bank?
Bandhan Bank LTD is most highly rated for Job security and advancement and Ujjivan small finance bank is most highly rated for Culture.
Is Bandhan Bank owned by HDFC?