Who acquired Gruh Finance?
Bandhan Bank
The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance. The National Company Law Tribunal (NCLT) on September 18 cleared the scheme of amalgamation between Kolkata-based Bandhan Bank and Ahmedabad-based Gruh Finance.15-Oct-2019
Is Bandhan Bank merged with any 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 did HDFC sell Gruh Finance?
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
HDFC
Is Bandhan bank a good long term buy?
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.
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
Why are Bandhan bank shares falling?
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
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.
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
Bandhan Bank LTD is most highly rated for Job security and advancement and HDFC Bank is most highly rated for Culture.Overall Rating.
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.
'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
Why is Bandhan Bank successful?
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
Gruh Finance is a non-banking finance company (NBFC), focused on western and central regions.07-Jan-2019
Is Gruh a Udyog?
Grah Udyog bsuiness is a project, firm or business created on a small budget or for a small group of people which may include artisans, craftsman, and technicians who are skilled to work from their own homes using small machines, less power, and hired labor.
Is Indiabulls Housing Finance Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Indiabulls Housing Finance Ltd is a average quality company.
What are the top 10 housing finance companies in India?
According to projections, growth for home financing firms might increase from 11% in 2021–2022 to 13% in 2022–2023.13-Jul-2022
Which is the best NBFC in India?
List of Top NBFC Finance Companies in India
Who acquired Gruh Finance?