Bandhan Bank Limited
ICICI Prudential Mutual Fund reduced its stake in Bandhan Bank from 1.91% to 1.72%, selling 31,10,281 shares.
A private sector bank incorporated in 2014, Bandhan Bank operates across India with a focus on serving underbanked and underpenetrated markets. The company offers a comprehensive range of banking products and services including micro banking, retail deposits, and general banking solutions tailored for underserved customer segments. Its distinctive approach centers on financial inclusion through accessible credit and liability products designed for smaller businesses and retail customers.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.