The company intends to use the proceeds of the fresh issue for repayment, in full or part, of certain borrowings of the company and certain of the subsidiaries and funding acquisition of future real estate projects. Axis Capital and Credit Suisse Securities are the bankers to the issue.
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew