INSUBCONTINENT EXCLUSIVE:
Bandhan Bank can now open new branches only with prior approval of RBI.KOLKATA: The Reserve Bank of India (RBI) has withdrawn the general
communication to the BSE on Friday, the bank said, "RBI has communicated to us that since the bank was not able to bring down the
shareholding of Non Operative Financial Holding Company (NOFHC) to 40 per cent as required under the licensing condition, general permission
NOFHC in the bank to 40 per cent and shall continue to engage with RBI in this behalf, the bank said in the statement
three years of starting of operations, Bandhan Bank came out with an IPO in March 2018 and had opened8 64 bank branches across the country
