What made Bandhan Bank shares tumble 20% on Monday?

Shares of BandhanBank hit a lower circuit limit of 20 percent in Monday’s trade after the RBI restricted the lender from opening branches freely and freezed remuneration of founder managing director Chandra Shekhar Ghosh at the existing level. The RBI punished the bank for failing to reduce promoters’ stake to below 40 percent.

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Posted in: Indian Market Tips