Bandhan Bank m-cap halves in last eleven weeks
Thursday, October 25, 2018, 6:01 PM
Investors in Bandhan Bank Ltd have lost nearly Rs.42,000 crore over the past two months following concerns over high promoter stake and its exposure to troubled Infrastructure Leasing & Financial Services Ltd. The bank's stock is now close to its issue price, wiping out nearly all gains for those who purchased its shares in its initial public offering.
Bandhan Bank Shares Crash By 20%, Hit New All-Time Low
Monday, October 1, 2018, 3:20 PM
The shares of Bandhan Bank saw its biggest single-day decline at 20% on Monday, on account of the RBI's decision to put restrictions on the lender's operations. On Friday, after market hours, the bank in a statement said that RBI had barred it from opening any new branches and paying its CEO Chandra Shekhar Ghosh any remuneration, until further notice.
Sensex, Nifty trading in lower notes
Monday, October 1, 2018, 10:29 AM
Sensex was trading at 36,204, down 23.10 points. Nifty was at 10,902, down 28.15 points. Infosys, ITC, and GAIL are the top gainers, while Kotak Mahindra Bank, Yes Bank and J Kumar Infra have lost the most. Shares of Bandhan Bank have plunged 20 percent after RBI froze remuneration to its MD & CEO last week. The Nifty Midcap is down over a percent.