Bandhan Bank

Count on full restoration of claims made underneath credit score assure schemes, interim Bandhan Financial institution MD says

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Non-public sector lender Bandhan Financial institution is assured that it’ll obtain full quantity of claims made underneath two credit score assure schemes, interim MD & CEO Ratan Kesh instructed businessline. “We imagine that we have now been capable of clarify a few of the processes that’s evolving and a few limitations that financial institution needed … Read more

Ghosh hangs up his boots after remodeling lives of small-time entrepreneurs

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The journey of Chandra Shekhar Ghosh as a profitable banker is in regards to the story of how he reworked the lives of many underprivileged ladies entrepreneurs by microfinance within the comparatively underbanked japanese and north-eastern areas. Despite the fact that Ghosh’s almost a decade stint at Bandhan Financial institution got here to an finish … Read more

Bandhan Financial institution appoints Ratan Kumar Kesh as interim MD & CEO

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Personal sector lender Bandhan Financial institution on Saturday stated its board has accredited the appointment of Ratan Kumar Kesh, Govt Director and Chief Working Officer, as Interim MD &CEO of the financial institution for a interval of three months or till the brand new Managing Director and Chief Govt Officer takes cost.  The Kolkata-based lender’s … Read more

RBI appoints extra director on Bandhan Financial institution’s board

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The Reserve Financial institution of India has appointed a director on the board of personal sector lender Bandhan Financial institution, which can quickly see a prime administration transition. The Kolkata-based lender’s MD and CEO Chandra Shekhar Ghosh will retire on July 9, after spending practically a decade on the helm. In a inventory alternate submitting, … Read more

RBI appoints retired CGM Singh on Bandhan Financial institution board

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The Reserve Financial institution on Monday appointed A Ok Singh as an extra director on the board of Bandhan Financial institution. The appointment of Singh, a profession central banker who retired as chief normal supervisor of RBI, is for one yr, the Kolkata-headquartered lender mentioned in a regulatory submitting. Bandhan Financial institution, nevertheless, didn’t specify … Read more

Bandhan Financial institution This autumn web falls 93.24% to ₹54.62 crore

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Non-public sector lender Bandhan Financial institution on Friday reported a 93.24 per cent year-on-year fall in its web revenue to ₹54.62 crore for the fourth quarter final fiscal because the financial institution’s complete provision doubled on account of complete technical write-off of ₹3,852 crore of dangerous loans, largely microfinance, in the course of the quarter. … Read more

CS Ghosh could promote vital stake in Bandhan Monetary

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Days after asserting his resignation from Bandhan Financial institution as MD & CEO efficient from July 9, 2024, Chandra Shekhar Ghosh is alleged to be exploring varied prospects along with his shareholding in Bandhan Monetary Companies, together with promoting part of stake held by the promoter group. Bandhan Monetary Companies is the non-bank core funding … Read more

Chandra Shekhar Ghosh: Unintended banker, incidental businessman

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Financial institution licences maintain immense sanctity the world over and notably so in India. The regulator has been eternally choosy on who ought to be within the enterprise of banking. In 2014, when Bandhan Monetary Companies was awarded the financial institution licence, it was seen as a mark of validation to the then largest microfinance … Read more

Are these non-public sector banks out of the woods?

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Stress within the banking sector is commonly tagged to public sector banks. Whereas that’s not unsuitable, these within the non-public area have been equally weak. Right here, the highlight is on 5 such names — Bandhan Financial institution, IndusInd Financial institution, RBL Financial institution, Ujjivan Small Finance Financial institution and YES Financial institution. These banks … Read more

The way to play banking shares in a rising charge state of affairs

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Practically ₹6-lakh crore of extra liquidity has virtually dried in about six months. Benchmark charge or repo has risen from 4 per cent till Might 4, 2022, has risen to five.9 per cent, a stage final seen in 2018. There could also be one other 50–75 foundation factors (bps) hike to abdomen, going by the … Read more