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No proposal of loan waiver in BJP’s Assam and West Bengal manifesto may work in the favour of Bandhan Bank

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BJP’s election manifesto for Assam and West Bengal does not propose loan waivers, but suggests some other forms of assistance to stressed borrowers at least in Assam.

At present, stock of Bandhan Bank, is down by 2.03 per cent or 7.25 points, is trading at Rs 350.10 per piece. Today the market is trading in red, Sensex was down by almost 500 points at 10.38 am.

Meanwhile, on Wednesday former RBI deputy governor Harun Rashid Khan informed the exchange through the bank that it is not seeking re-appointment as independent director on its board after completion of his term later this week. Khan was brought on-board Bandhan Bank from March 26, 2018 for a period of three years. His first term would come to end at the close of business hours on March 26, 2021, Bandhan Bank said in a regulatory filing.

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