Who bought Bandhan Bank?
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
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.
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
The stock has been suspended from trading due to amalgamation process.
Is Bandhan Bank and Gruh Finance 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
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
Which banks are merged in 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.
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.
Which banks are merged list?
List of Merged Banks
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
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.
Bandhan Bank LTD is most highly rated for Job security and advancement and HDFC Bank is most highly rated for Culture.Overall Rating.
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
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.
Is Gruh finance a NBFC?
Gruh Finance is a non-banking finance company (NBFC), focused on western and central regions.07-Jan-2019
₹ 370-375 Per Equity
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.
Best Bank for Home Loan in India: Overview
Is Bandhan Bank profitable?
'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
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
How is Bandhan Bank performing?
Bandhan Bank share price insights In the last 4 years, only 4.27 % trading sessions saw intraday declines higher than 5 % . 50 day moving crossover appeared yesterday. Average price decline of -7.2% within 30 days of this signal in last 5 years.
Who bought Bandhan Bank?