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Bandhan Bank gets nods to increase foreign investment limit to 49%

05 Nov 2019 Evaluate

Bandhan Bank has received approval from its Board of Directors for increasing foreign investment limit to 49 percent in the lender. This will help the bank to bring down promoter shareholding to the desired level. The bank has faced Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rule.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.

Peers
Company Name CMP
HDFC Bank 704.25
ICICI Bank 1345.00
Axis Bank 1256.00
Kotak Mahindra Bank 443.00
Indusind Bank 852.90
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