Shares of Bandhan Financial institution Ltd had been buying and selling within the inexperienced and 1% greater on 22 January after the corporate introduced receiving a declare payout price Rs 290 crore Credit score Assure Fund for Micro Unit Scheme.
In accordance with an alternate submitting, Bandhan Financial institution has submitted a payout declare price Rs 290 crore to the Nationwide Credit score Assure Trustee Firm (NCGTC) underneath the CGFMU scheme.
As of 31 March 2024, the calculated declare payout stood at Rs 314.68 crore. Nonetheless, after recoveries of Rs 25.09 crore from eligible accounts between 1 April 2024 and 31 October 2024, the web declare was lowered accordingly.
In October 2024, Bandhan Financial institution disclosed that NCGTC had accomplished a forensic audit of claims filed underneath the CGFMU scheme, which totalled Rs 1,231.29 crore as of 31 March 2024. Out of this, the financial institution had already acquired Rs 916.61 crore in December 2022, leaving Rs 314.68 crore as the ultimate settlement for the interval.
The financial institution had insured a mortgage portfolio of Rs 20,807 crore underneath the CGFMU scheme for FY 2020-21 and disbursed over Rs 1,948 crore underneath the Emergency Credit score Line Assure Scheme (ECLGS) since FY 2020-21. Moreover, Bandhan Financial institution filed a supplementary declare of Rs 1,296.32 crore in the course of the second quarter of FY24.
At 3:30 pm, the shares of Bandhan Financial institution closed 0.49% greater at Rs 151.02 on NSE.
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