Bandhan Bank, IDBI Bank, Fino Payments Bank shares drop amid stake sale and probe speculation Shares of Bandhan Bank, IDBI Bank, and Fino Payments Bank fell sharply on Monday following reports about potential promoter stake sales, strategic divestment plans, and allegations of regulatory probes. The declines came as investors reacted to uncertainty surrounding the banks’ future and ongoing investigations into certain transactions. Bandhan Bank’s shares dropped 7.46% to close at ₹162.50 on the Bombay Stock Exchange, down from ₹175.60 the previous day. The fall followed reports that its promoter, Bandhan Financial Holdings, is considering options such as a stake sale or an initial public offering (IPO) to exit long-term investors like the Government of India’s investment arm, GIC. Bandhan Financial Holdings held a 39.07% stake in Bandhan Bank as of December 2025. The bank clarified in a stock exchange filing that it had not received any official communication about the stake sale plans. IDBI Bank’s shares plummeted 16.49% to ₹77, down from ₹92.20. The decline was linked to reports that the government’s planned strategic sale of the lender may have been scrapped due to financial bids falling below the reserve price. The Indian government and Life Insurance Corporation of India collectively own 94.71% of IDBI Bank, with 60.72% proposed for divestment. The bank stated it had not received any official notice about the cancellation of the divestment process. Fino Payments Bank’s shares fell 17.15% to ₹140.05, down from ₹169.05. The drop followed reports that the Enforcement Directorate (ED) may investigate online gaming-related transactions involving the bank. The bank recently disclosed that its managing director and CEO, Rishi Gupta, was arrested on February 27 under GST-related provisions.#idbi_bank #enforcement_directorate #bandhan_bank #fino_payments_bank #rishi_gupta
