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Shares of Bandhan Bank Ltd rose as much as 7.9 per cent to Rs 509, their highest since October 10 as a media report said that the Reserve Bank of India has allowed Bandhan Bank to open as many as 40 more branches.
RBI had in September barred the bank from opening new branches after the private-sector lender failed to bring down main shareholder's stake to below 40 per cent. Bandhan Bank did not immediately respond to Reuters' request for a comment.
More than 955,478 million shares changed hands at 0426 GMT, compared with 30-day average of 702,296 million. Bandhan Bank stock posted biggest intraday percentage gain since November 2.
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