Tag: Bandhan Bank

  • Bandhan Financial Holdings, GIC, and ChrysCapital acquire IDFC AMC for Rs 4,500 Cr

    Bandhan Financial Holdings, GIC, and ChrysCapital acquire IDFC AMC for Rs 4,500 Cr

    IDFC Limited and a consortium comprising Bandhan Financial Holdings Limited (“BFHL”), GIC (“GIC”), and ChrysCapital (“CC”) have entered into a definitive agreement to acquire IDFC Asset Management Company Limited (“IDFC AMC”) and IDFC AMC Trustee Company Limited from IDFC Limited, for a consideration of INR 4,500 crore subject to receipt of necessary regulatory approvals and […]

  • Budget 2022-23: Banking, Finance, Neo Bank, NBFC Sector Reactions

    Budget 2022-23: Banking, Finance, Neo Bank, NBFC Sector Reactions

    Banking, Neo bank, NBFC & Business  market reactions on Budget 2022-23: As Finance Minister Nirmala Sitharaman on Tuesday made an announcement outlining the economic growth for India over the next 25 years.  Here’s what the Banking, Neo bank, NBFC & Business sector experts are saying about the Union Budget 2022: Pratyush Chandramadhur, Chief Business Officer, […]

  • Bandhan Bank Chief Economist & Head of Research Siddhartha Sanyal on RBI Monetary Policy

    Bandhan Bank Chief Economist & Head of Research Siddhartha Sanyal on RBI Monetary Policy

    Speaking on the RBI Monetary Policy that was announced on Tuesday, Bandhan Bank’s Chief Economist & Head of Research Siddhartha Sanyal said, “Maintaining status quo on policy rates had been a prudent move by the MPC, especially amid a fresh uptick in Covid-related uncertainties globally. The RBI rightly indicated that economic activities in India are […]

  • RBI appoints Bandhan Bank as an agency bank

    RBI appoints Bandhan Bank as an agency bank

    Reserve Bank of India (RBI) on Monday announced the appointment of Bandhan Bank as an Agency Bank of the RBI for undertaking Government business. “The appointment would allow Bandhan Bank to undertake Government business on behalf of the RBI,” the statement said. “With this, Bandhan Bank joins ranks with a few other scheduled private sector […]

  • Bandhan Bank names Zubeen Garg as its brand ambassador in Assam

    Bandhan Bank names Zubeen Garg as its brand ambassador in Assam

    Bandhan Bank on Wednesday announced that it has appointed Indian singer, actor, and composer, Zubeen Garg as its brand ambassador for the Bank in Assam. In a statement issued on Wednesday, Bank said, “Association with Zubeen Garg shows our common passion for reaching out to the people of Assam, from all walks of life, and […]

  • “GDP growth is expected to hover around the mid-single-digit zone,” Says Siddhartha Sanyal of  Bandhan Bank

    “GDP growth is expected to hover around the mid-single-digit zone,” Says Siddhartha Sanyal of Bandhan Bank

    Speaking on the Q1FY22 GDP numbers, Siddhartha Sanyal, Chief Economist and Head of Research at Bandhan Bank said, “The 20.1% year-on-year growth in GDP during Q1 2021-22 is broadly on expected lines. While this is a sharp uptick optically, this should not lead to any exuberance as the statistical effect of the 24.4% contraction in […]

  • Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

    Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

    The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India’s leading newspaper, Times of India, “RBI is looking to address the issue in a comprehensive manner in the coming days.” As per the RBI’s bank license rules, “The promoters of private banks […]