Which bank merged with Bandhan Bank?
HDFC acquires 9.89% stake in Bandhan Bank As many as 15.93 crore shares of the bank was transferred to HDFC, Bandhan Bank said.
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
Why is Gruh Finance not trading?
The stock has been suspended from trading due to amalgamation process.
Write-offs of ageing bad loans to the tune of Rs 3,535 crore also impacted the NIM adversely in the quarter under review. The bank wrote off a total of around Rs 5,700 crore of delinquent loans in two phases after the pandemic.31-Oct-2022
Is Gruh Finance and Bandhan Bank same?
GRUH Finance is the housing finance subsidiary of HDFC. Bandhan Bank is India's youngest bank which was listed on the stock exchange in 2018.27-Apr-2022
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.
Is Bandhan Bank Blue Chip?
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
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.
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.
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
Is it good to invest in Bandhan bank?
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.
Gruh Finance is a non-banking finance company (NBFC), focused on western and central regions.07-Jan-2019
What is the future of Bandhan Bank?
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.
'Going forward, bank expects good growth in deposits and advances' Bandhan Bank reported a net profit of ₹209 crore during the quarter ended September 30, 2022.28-Oct-2022
Which Bank is better RBL or Bandhan?
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.
India Post Payments Bank (IPPB)
Who bought Bandhan shares?
Plutus Wealth Management LLP
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
Which 3 banks are merged recently?
*State Bank of India was merged with its associate banks and Bharatiya Mahila Bank in 2017.List of Merged Banks.
State Bank of India (SBI): As it is managed by the Indian government and a few shareholders, the State Bank of India may be among the most reliable financial institutions. How is SBI bank safe? Your assets are entirely under the bank's control.10-Nov-2022
How many small finance banks are there in India in 2022?
As of 2022, there are 12 small finance banks in India as follows: No.
Which bank merged with Bandhan Bank?