Page 10 - Bandhan Bank

Bandhan Bank gets Sebi exemption from 1-year lock-in on promoters' shares

The Reserve Bank of India had earlier barred the lender from opening new branches

Customer additions to support Bandhan Bank's near-term growth; stock up 6%

Net interest income in Q2 surged 55%; profit jumped 47%

Bandhan Bank Q2 net up 47% to Rs 4.8 bn; net interest income rises 55.6%

Says will submit a strategic plan to RBI to pare stake

Bandhan Bank Q2 profit jumps 47% to Rs 4.9 billion; NPA up marginally

Net profit rose to Rs 4.88 billion for the quarter ended Sept. 30, from Rs 3.31 billion a year

Bandhan Bank gains over 7% post Q2 results

The stock moved higher by 7.5% to Rs 521 on the BSE in intra-day trade after the bank reported 47% year on year jumped in net profit at Rs 4.88 billion in Q2FY19.

Uncertain outlook for investors of Bandhan Bank; stock falls 20%

Stock likely to remain under pressure until promoters take steps to reduce stake

Bandhan Bank: RBI's rap on knuckles brings new worries for investors

Even if financials aren't destabilised in the near-term, the stock may remain under pressure until promoters firm up on stake reduction

Bandhan Bank tanks 20% as RBI bars it from opening new branches

The stock locked in lower circuit of 20% at Rs 451, its lowest level since its listing on March 27, 2018, on the BSE.

After RBI notice, Bandhan Bank lists options to cut promoters' shareholding

On Friday, RBI withdrew the "general" permission given to Bandhan Bank to open branches and froze the remuneration of its MD and CEO for not reducing its promoter's stake

RBI cracks whip on Bandhan Bank for violating shareholding norms

Bank needs RBI approval to open branches; MD's salary frozen

RBI cancels Bandhan Bank's permission for new branches, freezes chief's pay

The action was taken because of the bank's failure to bring down the non-operative financial holding company's shareholding to 40 per cent

Bandhan Bank: Balance sheet must strengthen, without relying on MFI biz

Holistic balance sheet growth remains key task despite accelerated journey in bourses

Stake dilution: Bandhan Bank awaits RBI response on deadline extension

Various options that Bandhan Bank was looking at to meet the shareholding norms, are merging the three entities - Bandhan Financial Services (BFSL), Bandhan Financial Holding (BFHL), and Bandhan Bank

Bandhan Bank waiting for RBI guidelines on meeting promoter holding norms

RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23

Bandhan Bank hits new high; stock soars nearly 100% against issue price

The stock surged 7% to Rs 742, its highest level since listing on March 27, 2018 on the NSE, rallied 98% against issue price of Rs 375 per share.

Bandhan Bank surges 6% on healthy Q1 results; stock hits new high

Bandhan Bank was up 6% at Rs 596, trading at its highest level since listing on March 27, 2018.

Bandhan Bank surpasses YES Bank market cap; becomes 7th most valued bank

At 01:44 pm; with market capitalisation of Rs 840 billion Bandhan Bank, was stood ahead of YES Bank, which has m-cap of Rs 838 billion, the BSE data shows.

Bandhan's operating metrics justify valuation; Q1 net profit up 48%

Its net interest income (NII) or a difference between interest earned and expensed surged 40 per cent over a year to Rs 10.4 billion

Bandhan Bank hits highest level since listing; up 56% against issue price

Bandhan Bank hit a new high of Rs 585, up 5% on Tuesday, trading at its highest level since listing on March 27, 2018

Change in business mix weighs on Bandhan's interest margin in FY18

Even as the cost of moving to an universal bank is reflecting on its profitability, analysts see strong growth and earnings visibility going ahead