URL copied to clipboard

Trending News

Bandhan Bank Shares Soar 9% to Rs 204.90, RBI Approves for New MD & CEO – Check Details Here!

Bandhan Bank's shares rose 9% after the RBI approved Partha Pratim Sengupta as its new MD & CEO for a three-year term, effective by November 10, 2024.
Bandhan Bank Shares Soar 9% to Rs 204.90, RBI Approves for New MD & CEO - Check Details Here!

Shares of Bandhan Bank surged 9% on Friday, reaching a high of Rs 204.90, after the Reserve Bank of India (RBI) approved Partha Pratim Sengupta as the bank’s new Managing Director & CEO.

Alice Blue Image

In a regulatory filing, Bandhan Bank stated that the RBI, in a letter dated October 8, 2024, granted prior approval for Sengupta’s appointment for a three-year term. His appointment will be effective from the date he takes charge, which is set to be no later than November 10, 2024.

Also Read: IREDA Q2 Result: 36% YoY Profit Boosts Clean Energy, Income Jumps 38.5% – Find Out More Inside!

Bandhan Bank received Sengupta’s formal acceptance of the position on October 9, followed by confirmation on October 10. Sengupta will step down from his other roles in compliance with the conditions of his appointment as MD & CEO.

Previously, on October 5, Bandhan Bank’s board extended the term of interim head Ratan Kumar Kesh for one month, with his tenure now ending on November 10, 2024.

Also Read: Discover The Details Adani Enterprises’ $500M QIP Was Oversubscribed By Fourfold!

Additionally, Bandhan Bank announced the completion of a forensic audit concerning its insurance claims under the CGFMU and ECLGS schemes. As of March 31, 2024, the bank has fully provided for and written off its non-performing portfolio under these schemes, having claimed Rs 916.61 crore from the NCGTC in December 2022.

Loading
Read More News

फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा