The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines.
Managing director and chief executive CS Ghosh said it took nine months to complete the merger with Gruh and the bank, which has its roots in the micro-lending segment, will now focus more on affordable housing loans.
The state-wide bandh called by striking Telangana State Road Transport Corporation employees in support of their demands, passed off peacefully on Saturday, barring stray incidents of pelting of stones at buses.
Khammam bandh call was given by the Joint Action Committee (JAC) of TSRTC and various political parties after a meeting on Sunday.
Bandhoo is an Indian social app that helps connect people across India. The app is free on Play store and comes with Hindi, Telugu, English, Marathi, Bangla, Punjabi, Gujarati, Tamil language support.
Bhojpuri superstar Khesari Lal Yadav has spread his charm across the internet once again.
On Wednesday, the bank's chief executive CS Ghosh said the bank would add another 40 branches by December 31.
Total income of the bank for the quarter under review stood at Rs 1,836.07 crore, up 36.73 per cent, against Rs 1,342.76 crore as on September 30, 2017, Bandhan Bank said in a regulatory filing.
The Centre failed to set up the CMB within six weeks of the apex court's February 16 order. The deadline ended on March 29.
The bank's Rs 4,473 crore IPO, which concluded last week, was subscribed 14.62 times.
Ghosh said he was expecting a bullish response from the market as the IPO was well received by the investors and retail individuals.
MD and CEO of Bandhan Bank Chandra Shekhar Ghosh said that oversubscription on account of QIP was 38.67 times and that of HNI investors was 13.89 times.
The decision to close all markets in Delhi on March 13 was taken at a meeting convened by the Confederation of All India Traders, CAIT Secretary General Praveen Khandelwal said.
The IPO, which will close on March 19, will comprise a fresh issue of 97,663,910 shares, an offer for sale for up to 14,050,780 shares by World Bank-controlled International Finance Corp (IFC) and up to 7,565,804 shares by the IFC FIG Investment Co.
The CAIT demanded the central government bring in a bill in Parliament to protect Delhi trade and traders from the sealing drive, being carried out by BJP-led MCD.
The separatists in the Kashmir Valley have called for a week-long protest to mark the first death anniversary of Hizbul Mujahideen commander Burhan Wani