Why has there been such a sharp rally in the stock of Bandhan Bank on Monday?
Answer
Answer
Bandhan Bank surged another 7% to Rs 340 after Assam government signed an agreement with MFIs to regularise stressed borrowers. The Assam government will incentivize prompt repayments with incentives and the package will cost the Assam government Rs.8.250 crore. Bandhan network predominates in WB and Assam.