Bandhan Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
RBI fines Bandhan Bank for promoter-shareholding non-compliance
Fine or penalty
The Reserve Bank of India imposed a Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter-holding guidelines. According to the RBI, the bank failed to comply after the central bank considered its reply, heard its submissions, and reviewed documents. The penalty relates to the bank not bringing down promoter shareholding within the stipulated time.
Source excerpt
The RBI has, by an order on Thursday, imposed a monetary penalty of â¹1 crore on Bandhan Bank for non-compliance with the guidelines on promoter holding contained in âGuidelines for Licensing of New Banks in Private Sectorâ, the central bank said in a release.
After considering the reply received, the RBI came to the conclusion that the bank had failed to comply with the licensing guidelines.
The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on Bandhan Bank for not bringing down the promoters’ stake in the bank to 40 per cent in the stipulated time period.