Bandhan Bank’s loan claims to be audited by govt agency
Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to carry out an audit of loan claims filed by the bank under a guarantee scheme.
Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to carry out an audit of loan claims filed by the bank under a guarantee scheme.
The Bank will soon be integrating with the Ministry of Railways to operationalise the pension disbursement process.
In Abbott India, AMCs held 7 lakh shares by the end of last month, with valuation standing at Rs 1,028 crore down from Rs 1,336 crore for 8 lakh shares in December.
Bank’s total income during the quarter under review grew 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore in the same period of 2019-20.
Bandhan Bank said that it had been exploring various options to bring the shareholding to the prescribed level.
The bank's MD and CEO Chandrashekhar Ghosh said customers in that sector are not facing problems in their businesses as they deal with basic goods and the local supply chain.
The bank registered a net profit of Rs 650.87 crore during January-March, 2018-19.
RBI came to the conclusion that the bank had failed to comply with the licencing guidelines and decided to impose the penalty.
Remuneration of the MD & CEO of the bank, Chandrashekhar Ghosh, also stood frozen at the existing level till further notice, the communication said.
The lender said its net interest income for the quarter grew by 39.5 per cent at Rs 1,037 crore as against Rs 743 crore in the year-ago period.