Monday, October 1, 2018

Badhan bank Tanks 20% on RBI's action

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Bandhan Bank stock hit their lower circuit of 20% in their biggest single-day decline since listing in today's trading and closed  at Rs 452, down Rs 113.  Reserve Bank of India last Saturday barred the bank from opening branches without its approval and ordered the freezing of the salary of its CEO Chandra Shekhar Ghosh due to failure to meet shareholding rules. 

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