Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Bandhan Bank Ltd. ( (IN:BANDHANBNK) ) is now available.
Bandhan Bank has notified exchanges that, in line with the Companies Act and IEPF rules, it has issued newspaper notices regarding the impending transfer of equity shares to the Investor Education and Protection Fund Authority where dividends have remained unclaimed for seven or more consecutive years. The bank has published these notices in leading English, Gujarati and Bengali newspapers, and has written directly to affected shareholders urging them to claim unpaid dividends to avoid their shares and future benefits being moved to the IEPF.
As part of broader investor-protection efforts, Bandhan Bank’s notices also highlight the IEPF Authority’s second “100-Day campaign” aimed at facilitating direct payment of unclaimed dividends and promoting KYC compliance. The bank further draws attention to a one-year Special Window, mandated by SEBI, that allows investors to re-lodge transfer deeds and complete transfer or dematerialisation of physical securities sold or bought before April 1, 2019, potentially easing legacy share-transfer issues for shareholders and improving overall market transparency and compliance.
More about Bandhan Bank Ltd.
Bandhan Bank Ltd. is an Indian private sector bank headquartered in Kolkata, offering retail and corporate banking services with a particular focus on financial inclusion and serving underbanked segments. Listed on both the BSE and NSE, the bank provides a range of deposit, lending and transactional services to customers across multiple regions in India.
Average Trading Volume: 495,524
Technical Sentiment Signal: Buy
Current Market Cap: 280B INR
For a thorough assessment of BANDHANBNK stock, go to TipRanks’ Stock Analysis page.