Thursday, March 28, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Bandhan Bank shares jump over 6 per cent after RBI gives nod to open new branches

Bandhan Bank shares jump over 6 per cent after RBI gives nod to open new branches

On Wednesday, the bank's chief executive CS Ghosh said the bank would add another 40 branches by December 31.

PTI Reported by: PTI New Delhi Published on: December 13, 2018 16:54 IST
Shares of Bandhan Bank
Image Source : PTI

Bandhan Bank shares jump over 6 per cent

Shares of Bandhan Bank jumped over 6 per cent Thursday after the Reserve Bank allowed the private bank to open new branches. The stocks of the Kolkata-based bank opened on a bullish note and gained 5.99 per cent to end at Rs 501.70 on the BSE, after touching a high of Rs 514.50 during the intra-day trade.

Similarly, on NSE the stock rose 6.79 per cent to close at Rs 504. In intra-day trade, the scrip touched high of Rs 514.80.

In terms of volume, a total of 27.63 lakh units were traded on the NSE, while over 2.19 lakh shares changed hands on the BSE.

On Wednesday, the bank's chief executive CS Ghosh said the bank would add another 40 branches by December 31, thereby taking the total number to 978 after the prior approval from RBI.

The Reserve Bank of India had earlier imposed restrictions on Bandhan Bank's branch expansion, after it failed to pare promoters' stake to 40 per cent from close to 82 per cent, within the stipulated three-year time frame.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement