The jury said Ghosh, 59, deserved the award for the all-round performance of Bandhan Bank
The bank last week faced a Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rules
9.89% stake of the total share capital of Bandhan Bank has been alloted to HDFC Ltd
The private lender was supposed to bring down the shareholding of its non-operative financial holding company
The penalty has been imposed in exercise of powers vested in the RBI under the provisions of the Banking Regulation Act, 1949
Net interest margin has started to come off from the 10 per cent plus mark as proportion of lower-yield mortgages rise
Bandhan Bank announced the opening of 106 additional home loan distribution points
In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019.
The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
One estimate shows the MSCI inclusion could lead to ETF buying of nearly Rs 1,280 crore in Bandhan Bank.
Last week, Kolkata and Ahmedabad benches of National Company Law Tribunal (NCLT) approved the merger of Gruh Finance and Bandhan Bank
The 200-day moving average (DMA) is one of the important indicators to ascertain buy or sell trends.
Currently the stock is trading 18 per cent lower than its average one-year forward valuation, while return ratios are likely to remain strong
Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart
Bandhan Bank's board has approved opening 187 more branches and 340 doorstep service centres this year
Gross NPAs as on June 30, 2019 stood at 2.02 per cent against 2.04 per cent as on March 31, 2019 while Net NPAs stood at 0.56 per cent against 0.58 per cent in the previous quarter.
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At present, microfinance is 86% of Bandhan Bank's book
The gross NPAs of Bandhan Bank at the end of Q4FY19 for the bank stood at 2.04%, against 1.25% in the same quarter a year ago
The revised rate will be applicable to new disbursements from Tuesday, the bank said in a statement