Bandhan Bank gains on reporting 21% growth in total deposits during Q3FY23
Bandhan Bank is currently trading at Rs. 245.15, up by 2.95 points or 1.22% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 242.25 and has touched a high and low of Rs. 245.90 and Rs. 233.70 respectively. So far 240689 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.50 on 17-May-2022 and a 52 week low of Rs. 209.45 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 249.20 and Rs. 233.70 respectively. The current market cap of the company is Rs. 39183.54 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.72% and 17.30% respectively.
Bandhan Bank has posted 21% growth in total deposits at Rs 1,02,283 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 84,500 crore in Q3FY22. On a quarterly basis, the deposits were up 3% from Rs 99,366 crore as of September 2022.
Loans & Advances stood at Rs 1,00,520 crore (provisional) as of December 31, 2022, posting a 14% rise in year-on-year (YoY) against Rs 87,998 crore as of December 31, 2021 and 5% growth in quarter-on-quarter (QoQ) basis from Rs 95,835 crore in in September 2022.
CASA Ratio stood at 36.4% ((provisional) as of December 31, 2022 versus 40.8% as of September 30, 2022. However, the CASA was down 3% to Rs 37,194 crore as of December 31, 2022 as against Rs 38,528 crore as of December 31, 2021.
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.