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
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.
West Bengal Governor C V Ananda Bose reached Delhi on Monday night amid speculations that he may meet President Droupadi Murmu and senior leaders.
As Swades turns 20, Aseem Chhabra looks back at the film that spoke to him.
Post your Raksha Bandhan videos on rediff!
What sets Bandhan apart is the roots it has in the world of the rural poor.
Our visa operations in Bangladesh constitute the largest visa operations India conducts worldwide. This has taken a hit after Sheikh Hasina's government was overthrown and India reduced its diplomatic presence in Bangladesh, notes Aakar Patel.
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 Central Bureau of Investigation (CBI) on Tuesday dismissed a fake letter being circulated on social media in connection with the ongoing probe into the rape and murder of a trainee doctor at RG Kar Medical College in Kolkata.
The Kolkata Police on Tuesday began an investigation against RG Kar Medical College and Hospital's former principal Sandip Ghosh for his alleged involvement in 'financial irregularities' in the state-run health facility, a senior officer said.
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!
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!
Healthcare services remained affected at state-run hospitals in West Bengal as junior doctors continued their cease-work protest.
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.
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.
One should not allow politics to enter home, Pawar, who is currently on a statewide 'Jan Samman Yatra', told Marathi news channel Jai Maharashtra.
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.
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.
'Nitish Kumar may take a decision to dump the BJP alliance by November.'
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.
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.
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.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
August 21 is Raksha Bandhan and we are asking you, our readers, to post photographs of unusual rakhis
We invited readers to share special brother-sister pics with us for Raksha Bandhan -- here's the next set of responses!
Bandhan financial Services will raise funds via internal accruals.
Union Minister for State for Communications Ashok Pradhan has said the government will provide 'substantial' relief under a special package, on basic and mobile phones of BSNL, being presented as gifts to sisters on Raksha Bandhan on Tuesday.
The NCP chief has not concealed his ambition to occupy the top post in the state in the past.
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