Raksha Bandhan, symbolising the eternal bond of love between brother and sister, was celebrated on Wednesday with traditional fervour
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
Bandhan plans to stick to its Grameen model, creating a unique hybrid model of banking.
Post your Raksha Bandhan videos on rediff!
What sets Bandhan apart is the roots it has in the world of the rural poor.
Maharashtra deputy CM Ajit Pawar on Monday said he is not bothered about his criticism by others and is only concerned about what key leaders of the ruling Mahayuti alliance say.
Raksha Bandhan celebrations calls for rich, sweet fare to toast our siblings.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
We bring you glimpses of Raksha Bandhan celebrations from across the country.
We are inviting you, our readers, to tell us of the most memorable moments you've shared with your brother or sister. Send us your rakshabandhan pics!
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
The volume of new fund offerings (NFOs) in 2025 will fluctuate based on market conditions. However, innovation is expected to continue unabated. With an increasing number of fund houses aiming to establish a presence in the 'factor' investing space and changes in fund-of-fund taxation providing more opportunities, several industry-first offerings are anticipated.
To celebrate the special bond between siblings on the occasion of Raksha Bandhan, we invited readers to share special moments they've spent with their brothers/sister. Here are some of the responses we received. Share yours!
What are you cooking this Raksha Bandhan? We want to know!
A look at the lovely photographs.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The Kolkata-based firm already has a presence in 22 states with over 2,000 branches and 5.9 million borrowers.
Wondering how to nail the ethnic look for this festival?
Bandhan Bank to fund SMEs, create jobs, says FM
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
Bandhan has a strong presence in India's under-banked eastern and northeastern regions.
Bandhan expects to have a loan portfolio of Rs 14,500 crore.
A young Indian man was arrested in Pakistan after illegally crossing the border to meet a Facebook friend he wanted to marry. However, the woman told police she was not interested in marrying him. The man, Badal Babu, was arrested in the Mandi Bahauddin district of Pakistan's Punjab province on December 28. He had crossed the border to meet his Facebook friend, Sana Rani. Rani, in her statement to police, said she had been friends with Babu for the past two-and-a-half years but was not interested in marrying him. Babu's family has appealed to the Indian government to intervene for his release.
Bandhan has got fresh equity infusion of Rs 1,020 crore.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
Bandhan Financial Services, which is to start banking operations soon, has received a combined equity commitment of Rs 1,600 crore (Rs 16 billion) from International Finance Corp (IFC) and GIC, Singapore's sovereign wealth fund.
Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
All the existing microfinance businesses of the company and clients will be transferred to the bank
Here's what your favourite Bollywood celebrities are tweeting.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
August 21 is Raksha Bandhan and we are asking you, our readers, to post photographs of unusual rakhis
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
We invited readers to share special brother-sister pics with us for Raksha Bandhan -- here's the next set of responses!
'It's advisable not to go overboard on a banking sector fund or any other sector fund.'
