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Shares of Bandhan Bank may come under pressure following the Reserve Bank of India on Friday barring it from opening new branches and ordering a freeze of the CEO’s salary over failure to stick to shareholding rules. “The bank is taking necessary steps to comply with the licensing condition to bring down the shareholding of NOFHC in the bank to 40 per cent and will continue to engage with the Reserve Bank in this behalf,” it added in a statement.
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