Bandhan Bank CFO says the NPA portfolio has been reduced from almost Rs 8,700 crore to about Rs 4,700 crore. That particular clean-up exercise took place in March which took care of a large part of the book that was prior to the year FY2022 and earlier and brought gross NPA levels down to almost 3.8%. We still have further journey to climb on that particular front.
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September
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