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NEXT BIG CRASH IN BANDHAN BANK ON MONDAY ??? Big trouble for Bandhan Bank : RBI cancels Bandhan Bank's permission for new branches. Bandhan Bank on Friday informed stock exchanges that the Reserve Bank of India (RBI) had cancelled the permission given to it for opening new branches on account of its inability to bring down shareholding of non-operative financial holding company (NOFHC) to 40 per cent.
The bank also said that remuneration of the bank's managing director & chief executive, Chandra Shekhar Ghosh, stood frozen at the existing level until further notice.