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
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Raksha Bandhan, symbolising the eternal bond of love between brother and sister, was celebrated on Wednesday with traditional fervour
Bandhan plans to stick to its Grameen model, creating a unique hybrid model of banking.
'Nitish Kumar may take a decision to dump the BJP alliance by November.'
Post your Raksha Bandhan videos on rediff!
What sets Bandhan apart is the roots it has in the world of the rural poor.
Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct knowledge of the matter said. The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.
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.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
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!
We bring you glimpses of Raksha Bandhan celebrations from across the country.
A look at the lovely photographs.
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!
Wondering how to nail the ethnic look for this festival?
The Kolkata-based firm already has a presence in 22 states with over 2,000 branches and 5.9 million borrowers.
Ajit Pawar also said he was "not interested" in contesting elections anymore.
The NCP chief has not concealed his ambition to occupy the top post in the state in the past.
Bigg Boss 18 is all set to return to our screens on October 6. Hosted by Salman Khan, the names of the contestants who will be participating are not revealed yet.
Bandhan Bank to fund SMEs, create jobs, says FM
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.
The ruling Mahayuti alliance in Maharashtra is heavily banking upon a six to 10 per cent shift in voters -- mostly women -- in its favour to return to power with anywhere between 160 and 170 assembly seats, say four MLAs belonging to Eknath Shinde's Shiv Sena.
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.
The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.
Several Bangladeshis, who have come to Kolkata either for medical treatment or education or other purposes, are now stranded in the city and concerned about the ongoing violence and abrupt change of regime in their country.
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.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
August 21 is Raksha Bandhan and we are asking you, our readers, to post photographs of unusual rakhis
'I was completely in awe of him. After the shot was okayed, I would quickly run back to my chair and sit quietly till I was called again.'
We invited readers to share special brother-sister pics with us for Raksha Bandhan -- here's the next set of responses!
Declaring that 'enough is enough', President Droupadi Murmu on Wednesday said it is time for India to wake up to the 'perversion' of crimes against women and counter the mindset that sees women as 'less powerful, less capable, less intelligent'.
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