'Growth for some companies has been hard to come by and this is a smart way to get there.'
Wondering how to nail the ethnic look for this festival?
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.
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.
Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.
Here's what your favourite Bollywood celebrities are tweeting.
All the existing microfinance businesses of the company and clients will be transferred to the bank
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.
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
Customised restaurant recreations, cafe setups, pop-ups by Michelin-star chefs, bespoke table linens with monograms and couple-themed hashtags.
We invited readers to share special brother-sister pics with us for Raksha Bandhan -- here's the next set of responses!
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
Sukanya Verma quizzes you to find out just how much you know about the movies.
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.
Bandhan financial Services will raise funds via internal accruals.
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.
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.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
We bring you glimpses of Raksha Bandhan celebrations in previous years from across the country.
Here's what your favourite Bollywood celebrities are tweeting.
A look at the top tweets from your favourite Bollywood celebrities.
A financial Raksha Bandhan gift isn't as much fun as a regular gift. However such a gift is much more worthy then a box of chocolates from a fancy mall.
Bandhan expects to commence banking operations in 2015, by opening nearly 600 branches targeting 10 million customers.
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.
So Raksha Bandhan is around the corner and you're probably fretting over what you should be getting your sister when she shows up with that rakhi. Here's a quick list of gadgets you can gift your sis this Raksha Bandhan.
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.
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.
Have you shared yours yet?
Readers send in messages for their siblings ahead of Raksha Bandhan on August 5.
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.
'It's advisable not to go overboard on a banking sector fund or any other sector fund.'
We are inviting you, our readers, to tell us of the most memorable moments you've shared with your sister and brother.
The Khan-daan's Rakhi celebrations.
Are you eager to get that band around your wrist? That band that symbolises love and support. Here's what some young people had to say about this ancient holiday.
'If 99.99 per cent of these micro borrowers are good at repaying their loans, why can't we look at the SMEs and MSMEs and replicate the same model for them with our stringent risk management system,' Chandra Shekhar Ghosh, chairman and managing director of India's newest private sector bank, tells Prasanna D Zore/Rediff.com.
