How did you calculate “forward 0.8 times P/BV and 6 times PE”
RBI 10 Feb 2026 approved ICICI Prudential group to acquire up to 9.95 percent stake in Bandhan Bank
A large, credible institutional investor (ICICI group) wants permission to become a near 10% strategic shareholder.
I am seeing ICICI Prudential group got similar approval today for other banks like Federal bank , Equitas small finance bank, IDFC first bank, RBL bank .
@Vignesh_Prakasam You are right, there are a total of 8 banks. However, this is a positive sign that the ICICI Group believes in the banking sector and is willing to deploy a significant amount of capital. By acquiring a 9.95% stake in Bandhan Bank, it can help restore investor confidence in the bank, which has been missing for quite some time.
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