{"id":77543,"date":"2022-12-13T18:00:00","date_gmt":"2022-12-13T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=77543"},"modified":"2022-12-13T18:55:41","modified_gmt":"2022-12-13T13:25:41","slug":"large-cap-private-bank-receives-916-6-crores-from-cgfmu-brokerages-see-up-to-45-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-private-bank-receives-916-6-crores-from-cgfmu-brokerages-see-up-to-45-upside\/","title":{"rendered":"Large Cap Private Bank receives \u20b9 916.6 crores from CGFMU; Brokerages see up to 45% upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4097659936\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Bandhan Bank gained 3.68% on Tuesday to reach an intraday high of \u20b9 255.85 apiece on the Bombay Stock Exchange (BSE). This happened after the company informed the bourses that it has received the first tranche of money under the government\u2019s Credit Guarantee Fund for Micro Units (CGFMU) amounting to Rs 916.61 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1888583766\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The private sector lender\u2019s shares were trading at \u20b9 250.40 apiece on the BSE at 01:41 PM. JM Financial has a buy call on its shares with a target price of \u20b9 325. This translates to an upside of 29.79% as compared to its share price.&nbsp;<\/p><p>Analysts at ICICI Securities suggested a target of \u20b9 365.00 on the shares of Bandhan Bank, implying an upside of 45.76% as compared to its share price.&nbsp;<\/p><p>The Government of India set up the CGFMU to ensure payment against default in micro-loans extended to eligible borrowers by banks and other financial intermediaries. Its objective is to provide comfort to banks so that institutional credit is extended to micro and small enterprises, especially without any collateral and third-party guarantee.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1680220107\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Bandhan Bank will be receiving \u20b9 2500 crores under this scheme. The next tranche of money is now due in the first quarter of the financial year 2024.<\/p><p><strong>Written by Simran Bafna<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2249378892\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Bandhan Bank gained 3.68% on Tuesday to reach an intraday high of \u20b9 255.85 apiece on the Bombay Stock Exchange (BSE). This happened after the company informed the bourses that it has received the first tranche of money under the government\u2019s Credit Guarantee Fund for Micro Units (CGFMU) amounting to Rs 916.61 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-77543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large Cap Private Bank receives \u20b9 916.6 crores from CGFMU; Brokerages see up to 45% upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-private-bank-receives-916-6-crores-from-cgfmu-brokerages-see-up-to-45-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large Cap Private Bank receives \u20b9 916.6 crores from CGFMU; Brokerages see up to 45% upside\" \/>\n<meta property=\"og:description\" content=\"The shares of Bandhan Bank gained 3.68% on Tuesday to reach an intraday high of \u20b9 255.85 apiece on the Bombay Stock Exchange (BSE). 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