Bandhan BankNSE-4.01 % owner Chandra Shekhar Ghosh has been in an unpleasant shock the regulators had descended harshly on him and the bank he had established for failures to close the promoter's interest to the 40 percent required.
Reserve Bank of India stated that its pay packet cannot raise, and prohibited the lender from launching branches unless prior approval. Although, Ghosh convinced Mint Road to give him 40 branch licens....
Tags : bank, finance, INDIA,
comments (0)