Bandhan Bank gets Rs 916.61 crore guarantee under CGFMU; Stock up ~2%

13 Dec 2022 , 11:56 AM

Bandhan Bank Ltd has informed that it has obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks.

Accordingly, the Bank has received claim under the scheme for FY 2022-23 amounting to Rs916.61 crore, the Bank said.

At around 11:58 AM, Bandhan Bank Ltd is currently trading at Rs251.40 per share up by Rs4.65 or 1.88% from its previous closing of Rs246.75 per share on the BSE.

The scrip opened at Rs250.40 per share on Tuesday and has touched a high and low of Rs255.85 per share and Rs250.40 per share respectively so far today. The current market cap of the company is Rs39,747.12 crore.

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