Bandhan bank shares surge by 12%!

  • Bandhan Bank shares jumped 12% on Wednesday after the Reserve Bank of India (RBI) resolved key overhangs related to the bank's promoter shareholding and governance structure.The RBI has given its nod for Bandhan Bank to increase its promoter shareholding to 44% from the current 37.5%.
  • This move will allow Bandhan Bank to raise additional capital and expand its operations.
  • The RBI has also appointed an independent director to the bank's board to strengthen its corporate governance.
  • These developments are positive for Bandhan Bank and are expected to boost investor confidence in the bank.
  • Bandhan Bank is a leading microfinance lender in India with a strong focus on serving the rural and underserved population.
  • The bank has been growing rapidly in recent years and is well-positioned to continue its growth trajectory. 

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