Bandhan Bank share price: The stock fell 1.76 per cent to hit a new one-year low value of Rs 170.35. At this price, it has slipped 30.21 per cent in 2024 so far.
The Reserve Bank of India has approved the appointment of Rajinder Kumar Babbar as the Executive Director of Bandhan Bank for a three-year term, effective three months from now. Babbar, aged 56, brings over 35 years of experience in the banking sector, demonstrating expertise in leadership roles and a track record of creating and expanding businesses with consistent growth in assets under management, market share, and profitability.
Bandhan Bank: Emkay Global, which has a 'Buy' rating on the Bandhan Bank, said that the private sector lender is expected to log a better fourth quarter and could see interest from alpha-seeking investors.