Bandhan Bank jumps on planning to diversify asset base by increasing exposure to secured loans
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. 269.00, up by 4.65 points or 1.76% from its previous closing of Rs. 264.35 on the BSE.
The scrip opened at Rs. 269.00 and has touched a high and low of Rs. 270.30 and Rs. 268.00 respectively. So far 131982 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. 229.65 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 270.30 and Rs. 261.05 respectively. The current market cap of the company is Rs. 43242.41 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 42.77% and 17.25% respectively.
Bandhan Bank is planning to diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025. The bank will also diversify its geographical presence. The percentage of the bank's secured loans at present is 39 per cent. Ten per cent of its exposure will be on retail channels - automobiles including two-wheelers, gold and personal loans.
The bank will also focus on digital services to bring down the cost of operations, and also employ data analytics to boost growth in the future. Besides, the Bank has appointed former Indian cricket captain Sourav Ganguly as its brand ambassador.
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.
