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Telecom Spectrum Auction Nets ₹11,340 Crore; Bharti Airtel Leads

Telecom Spectrum Auction Nets ₹11,340 Crore; Bharti Airtel Leads in Purchase

In a recent telecom spectrum auction, Bharti Airtel emerged as the top buyer, securing approximately 60% of the total ₹11,340 crore worth of spectrum sold. The auction, which concluded within two days, saw limited participation despite the government offering 10 GHz of spectrum across various bands.

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RBI Appoints Director to Bandhan Bank Board Amid Profit Decline

The Reserve Bank of India (RBI) has taken a significant step by appointing an additional director to the board of Bandhan Bank in response to the private lender's recent performance struggles, leading to a notable drop in profits. This decision, made under the purview of the Banking Regulation Act, reflects the regulatory authority's proactive approach to overseeing bank operations and ensuring stability within the financial sector.

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