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RBI slaps Rs 1 crore fine on Bandhan Bank for failing to comply with promoter holding norms

Updated : October 30, 2019 06:27 AM IST

The bank recently merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent.
The lender had earlier said it was making efforts to further reduce the shareholding to 40 per cent.
RBI slaps Rs 1 crore fine on Bandhan Bank for failing to comply with promoter holding norms

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