Bandhan Bank’s Shares Skyrocket 10% on New CEO Appointment

Bandhan Bank shares shot up over 10% after the Reserve Bank of India gave a thumbs up to Partha Sengupta as the new CEO. Analysts think this is a solid move for management stability, especially after the recent leadership shake-ups. Plus, the bank’s loan claims audit wrapped up on a high note, which could help boost its capital.

By Vishal Kumar

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