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Bandhan Bank Ltd. ( (IN:BANDHANBNK) ) has issued an announcement.
Bandhan Bank Ltd. has disclosed that the Reserve Bank of India has approved SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights. The approval is conditional on compliance with banking, foreign exchange, and securities regulations, and requires SBI Mutual Fund to complete the acquisition within one year and keep its stake below the approved threshold, with fresh RBI approval needed if its holding falls below 5% before any increase back to that level.
More about Bandhan Bank Ltd.
Bandhan Bank Ltd. is an Indian private sector bank focused on retail and inclusive banking, with a strong presence in microfinance and small borrower segments. The bank offers a range of banking products and services, including deposits, loans, and other financial services, targeting both urban and rural customers across India.
Average Trading Volume: 399,774
Technical Sentiment Signal: Buy
Current Market Cap: 290.7B INR
See more insights into BANDHANBNK stock on TipRanks’ Stock Analysis page.