Page 7 - Bandhan Bank

Top headlines: Economic recovery 'fragile', China opposes TikTok deal

Here are the top headlines of the day

BlackRock, three others buy $1.4 billion of Bandhan Bank shares

Bandhan Bank's shares plunged 10.5 per cent on Monday after the transaction, its biggest loss since March 30. They were up as much as 2 per cent on Tuesday

With 20% stake dilution, compliance taken care of: MD & CEO, Bandhan Bank

The first dilution had to be done in three years. We now have five years in hand to reduce to 20 per cent, the MD and CEO tells Business Standard

Bandhan Bank says meets all licensing norms with promoters' 21% stake sale

Bandhan Financial Holdings, the holding company of the bank, sold nearly 337.4 mn shares at a minimum of Rs 311 apiece to raise Rs 10,500 cr

Bandhan Bank's holding co pares stake to 40% to comply with licensing norms

In terms of the guidelines of the licensing of new private lenders issued by RBI, BFHL was required to bring its excess shareholding to 40% of the paid-up voting capital of the bank

Bandhan Bank tumbles 12% as 21% equity changes hands via block deal

Blooomberg had reported recently that Bandhan Bank's main shareholder Bandhan Financial Holdings was looking to sell 337.4 million shares in a block trade today, seeking to raise $1.4 billion

Bandhan Bank's main shareholder seeks $1.4 billion in stock sale

Those shares are offered at a floor price of $4.16 each, according to the terms

Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on

With new strategies in place, the coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank

MARKET WRAP: Sensex up 420 pts as Infosys rallies 10%, Nifty ends at 10,740

All that happened in the markets today

Bandhan Bank's pre-tax profit drops 40% in Q1 on higher provisioning

Pre-tax profit of the bank in Q1FY21 stood at Rs 735 crore

Sensex slips 758 pts from day's high, ends 19 pts up; RIL dips 4% post AGM

Catch all the live market updates here

Bandhan Bank reports 31.6% decline in net profit to Rs 550 cr in Apr-June

A Bandhan Bank statement said it has taken accelerated additional provision on standard assets amounting to Rs 750 crore, due to the Covid-19 pandemic

Bandhan Bank jumps 13% post Q1FY21 biz update; Analysts maintain 'buy'

The Kolkata-headquartered bank saw its deposits growing 35 per cent year-on-year (YoY) to Rs 60,602 crore at the end of Q1FY21, compared to Rs 44,796 crore in Q1FY20.

Financials in focus; Bajaj Finance, M&M Financial, Bandhan Bank up over 5%

MAS Financial, Ujjivan Financial, HUDCO, Cholamandalam Investment, Aditya Birla Money, Geojit Financial, AU SFB, and CreditAccess Grameen were up in the range of 5 per cent to 9 per cent on the BSE.

Pullback on the higher side likely if Nifty holds 10k: Nilesh Jain

The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart

Foreign portfolio investors to pick up $300-million stake in YES Bank

The FPIs are in advanced talks with an Indian bank to act as a custodian.

Bandhan Bank slips 6% on business update post Cyclone Amphan

The bank said Cyclone Amphan is likely to impact business worth Rs 260 crore.

Bandhan Bank's PBT slips 31% to Rs 693 cr on Covid-19 provisioning

The net interest income (NII) of the bank for the quarter grew by about 34 per cent to Rs 1,680 crore, against Rs 1,258 crore in the corresponding quarter of the previous year

As harvest season starts, credit demand will resume: Bandhan Bank chief

In a Q&A, C S Ghosh, the lender's MD & CEO says he does not foresee major asset quality deterioration once economic activity resumes

Market Ahead, May 12: All You Need To Know Before The Opening Bell

Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results