Sebi has removed a hurdle so that Bandhan Bank can pare its promoter stake. But after that lies the litmus test.
Up next for the young bank is completing the transition from a microfinance model to universal bank. For that, growth through the inorganic route is the best option.
ET Prime’s research found nearly four dozen former and serving IAS officers on IL&FS group companies in the recent past. The question some are asking is, how did a company that housed some of the country’s finest administrative talent end up in such a shambles?
The prestigious Maharatna is groaning under debt because of a depleting cash reserve.