Stake dilution: Bandhan Bank awaits RBI response on deadline extension

Various options that Bandhan Bank was looking at to meet the shareholding norms, are merging the three entities - Bandhan Financial Services (BFSL), Bandhan Financial Holding (BFHL), and Bandhan Bank

Bandhan Bank, which completed three years of operations on Thursday, is still awaiting feedback from the Reserve Bank of India (RBI) on its request for an extension of deadline to meet the promoter shareholding norms. 

“We are awaiting the RBI’s guidelines on meeting shareholding norms,” Chandra Shekhar Ghosh, managing director and chief executive officer, told reporters on the sidelines of the third anniversary celebration function of the bank in Kolkata on Thursday. 

While the Securities and Exchange Board of India’s (Sebi’s) rules call for a year’s lock-in period for promoter holding after listing, the RBI’s norms require promoters’ stake to be brought