Bandhan Bank gains as its loans and advances rise 11% in Q3FY22
Bandhan Bank is currently trading at Rs. 255.90, up by 1.65 points or 0.65% from its previous closing of Rs. 254.25 on the BSE.
The scrip opened at Rs. 259.00 and has touched a high and low of Rs. 262.50 and Rs. 253.50 respectively. So far 296078 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 424.00 on 11-Jan-2021 and a 52 week low of Rs. 229.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 262.50 and Rs. 240.90 respectively. The current market cap of the company is Rs. 41194.25 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 36.11% and 23.90% respectively.
Bandhan Bank’s loans and advances grew 11 per cent to about Rs 89,213 crore as of December 31, 2021 (Q3FY22). The loans and advances stood at Rs 80,255 crore in the year-ago period. Total deposits were up by 19 per cent to Rs 84,500 crore by the end of the third quarter of 2021-22. CASA (current account savings account) deposits jumped 26 per cent to Rs 38,528 crore as against Rs 30,520 crore.
While, retail deposits (including CASA) rose 24 per cent to Rs 71,440 crore, from Rs 57,668 crore. However, bulk deposits fell three per cent to Rs 13,060 crore as of December 31, 2021, from Rs 13,520 crore by the year-ago period. Collection efficiency has improved and stood at 93 per cent in the third quarter of 2021-22, up from 90 per cent in Q2FY22. The bank's CASA ratio was strong at 45.6 per cent, up from 42.9 per cent in the year-ago period. The retail-to-total deposits ratio stands at 84 per cent
Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.