Bandhan Bank share price: Bandhan Bank shares jump 9% to cross Rs 200-mark. Here’s why
Shares of Kolkata-based private sector lender Bandhan Bank jumped 9% on Friday, reaching a day’s high of Rs 204.90 after the RBI approved Partha Sengupta as the bank’s MD & CEO.
“On the basis of recommendation of the Board of Directors of Bandhan Bank, the RBI, vide its letter dated October 08, 2024, has granted its prior approval for the appointment of Mr. Partha Pratim Sengupta as Managing Director & Chief Executive Officer of the bank, for a period of three years with effect from the date of taking charge, which shall not be later than November 10, 2024,” Bandhan Bank said in a regulatory filing.
The bank stated that it received Sengupta’s acceptance on October 9 and subsequent confirmation on October 10 that he will step down from his…
