 "Bandhan Bank")
A day after the Reserve Bank of India (RBI) put curbs on Bandhan Bank for not complying with shareholding norms, the lender laid out several options, including inorganic growth, to reduce the promoters’ stake, in a conference call with analysts on Saturday.
The bank would consider buyouts in the micro, small and medium enterprises (MSME), housing finance, and microfinance institution (MFI) space, said Chief Financial Officer Sunil Samdani. The bank, he said, would also look at entering the mutual fund and insurance business at the holding company level to reduce the promoters’ shareholding.
However, according to the Securities and Exchange Board of
