Bandhan Bank gains as its total deposits rise 16.6% in Q1FY24
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Bandhan Bank is currently trading at Rs. 227.60, up by 2.70 points or 1.20% from its previous closing of Rs. 224.90 on the BSE.
The scrip opened at Rs. 226.05 and has touched a high and low of Rs. 229.60 and Rs. 225.35 respectively. So far 260169 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.75 on 15-Sep-2022 and a 52 week low of Rs. 182.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 245.60 and Rs. 217.90 respectively. The current market cap of the company is Rs. 36816.12 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 45.23% and 14.78% respectively.
Bandhan Bank’s total deposits grew 16.6% to around Rs 1,08,479 crore (provisional) as of June 30, 2023, (Q1FY24) as compared to Rs 93,057 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 1,08,069 crore as of March 2023.
Loans & Advances stood at around Rs 1,03,169 crore as of June 30, 2023, posting a 6.7% rise in year-on-year terms against Rs 96,650 crore as of June 30, 2022. However, CASA deposits stood at around Rs 39,076 crore (provisional) as of June 30, 2023, posting a 2.8% fall in year-on-year (YoY) terms against Rs 40,195 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 42,455 crore as of March 2023. CASA ratio reached 36.0% (Q1FY24) from 39.3% (Q4FY23).
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.
