India’s banking regulator has lifted a restriction it placed in September 2018 under which Bandhan Bank would have to seek its approval before opening any new branch. The restriction was put in place after the company failed to comply with a rule that requires banks to reduce their promoter shareholding to 40% or less within […]
Regulatory body Competition Commission of India (CCI) approved the merger of Kolkata-based Bandhan Bank with affordable housing finance company GRUH Finance. On January 7, 2019, board of directors of both the companies had approved the merger and said that it would be completed within six months. The merger comes after the Reserve Bank of India […]
The demonetization of high-value currency notes saw a rise in the number of bank robberies towards the end of 2016, but all of the increase came from just three states — Jammu & Kashmir, Bihar and Haryana. Overall, cases of theft, robbery and loot of on bank properties increased by 11% in the last three months […]
