Bandhan Bank541153Banking
Bandhan Bank shares rose 8% on media reports that Abu Dhabi's IHC is evaluating an investment in Bandhan Financial Services, though the bank issued a clarification denying awareness of any such talks
By ScoutQuest · · 1 min read
- Stock move today
- 8 percent
- Potential deal size
- 500 to 600 million dollars
Heard on business television between 14:55:33 - 14:58:33 IST.
- Media reports said IHC and other investors were evaluating a stake in Bandhan Financial Services, promoter firm of Bandhan Bank, with deal size pegged at 500-600 million dollars.
- Bandhan Bank clarified it is not aware of any discussions or developments relating to the reports and has not received any communication.
- Bank said all material events have already been reported to exchanges and there are no additional material developments.
- Stock gained 8% and held gains through the day on the back of the news flow.
- Analyst noted asset quality and collection efficiency have improved and rate cycle change could help NIMs, though ROA guidance was cut 40-50 bps last quarter.
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Source: Live TV News Channel · 13 Oct 2026
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