Shares of Bandhan Bank, IDBI Bank and Fino Payments Bank fell sharply on Monday following experiences associated to promoter stake sale plans, the destiny of a strategic divestment course of and an alleged probe associated to sure transactions.
Shares of Bandhan Bank declined 7.46 per cent to shut at ₹162.50 on the Bombay Stock Exchange, in contrast with the earlier shut of ₹175.60.
The fall adopted experiences that its promoter, Bandhan Financial Holdings, is exploring choices, together with a stake sale or an preliminary public providing, to facilitate the exit of long-term buyers reminiscent of GIC.
Bandhan Financial Holdings held a 39.07 per cent stake in Bandhan Bank as of the quarter ended December 2025.
“The bank clarifies that it is not aware of any such development, and the bank has not received any communication in this regard,” Bandhan Bank stated in a submitting to the inventory trade on Monday.
Shares of IDBI Bank dropped 16.49 per cent to shut at ₹77, in contrast with the earlier shut of ₹92.20.
The decline adopted experiences that the strategic sale of the lender might have been scrapped as monetary bids from potential consumers have been reportedly under the reserve value.
The authorities of India and Life Insurance Corporation of India collectively maintain a 94.71 per cent stake in IDBI Bank, of which 60.72 per cent was proposed to be divested.
“Bank has not received any communication from the government with respect to scrapping of the process of strategic disinvestment of the bank,” IDBI Bank stated in a regulatory submitting on Monday.
Shares of Fino Payments Bank declined 17.15 per cent to shut at ₹140.05 towards the earlier shut of ₹169.05 following experiences that on-line gaming-related transactions involving the financial institution might come beneath the scanner of the Enforcement Directorate.
The growth comes after the financial institution lately disclosed that its MD and CEO Rishi Gupta was arrested on February 27 beneath provisions of the Central Goods and
Services Tax Act and the State Goods and Services Tax Act.
The financial institution, nevertheless, had clarified earlier that the investigation pertains to alleged GST evasion by sure programme managers related to the financial institution.
On Monday, the financial institution described the experiences of an ED probe as “non-factual and speculative”, including that it isn’t beneath investigation by any company aside from the Directorate-General of GST Intelligence, Hyderabad.
