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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.
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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.
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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.