Bandhan Bank gains on planning to enter into co-lending business
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Bandhan Bank is currently trading at Rs. 237.80, up by 0.75 points or 0.32% from its previous closing of Rs. 237.05 on the BSE.
The scrip opened at Rs. 238.05 and has touched a high and low of Rs. 240.70 and Rs. 237.50 respectively. So far 170154 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. 238.40 and Rs. 223.55 respectively. The current market cap of the company is Rs. 38668.81 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 45.99% and 14.02% respectively.
Bandhan Bank is planning to enter co-lending business, for which it will tie up with a couple of NBFCs. As per the Bank, the co-lending business will cover all verticals in which loans are given. The private lender will diversify both geographically and portfolio-wise, and remain committed to inclusive banking. The 94 per cent of the bank's transactions are done digitally.
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.
