Singapore’s Caladium Investment has raised its stake in Bandhan Bank by 1.1% from 3.39% to 4.49%. Caladium Investment PTE Ltd will now hold 7.2 crore shares of Bandhan Bank.
Caladium Investment raised its stake in Bandhan Bank through secondary market operations during the January-March period. The move shows the confidence in micro-lending business model of the bank, which posted a 120.85% year-on-year increase in the net profit at Rs 731 crore for the December 2019 quarter compared with Rs 331 crore in the same quarter in 2018.
Important takeaways for all competitive exams:
- Bandhan Bank Headquarters: Kolkata, West Bengal.
- Bandhan Bank MD & CEO: Chandra Shekhar Ghosh.
- Bandhan Bank Tagline: Aapka Bhala, Sabki Bhalai.