Bandhan Bank rises as its overall collection efficiency ratio stands at 96%
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Bandhan Bank is currently trading at Rs. 316.85, up by 1.95 points or 0.62% from its previous closing of Rs. 314.90 on the BSE.
The scrip opened at Rs. 317.80 and has touched a high and low of Rs. 319.15 and Rs. 306.20 respectively. So far 425451 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 364.85 on 09-Apr-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. 330.00 and Rs. 299.30 respectively. The current market cap of the company is Rs. 50811.61 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 36.54% and 23.47% respectively.
Bandhan Bank’s overall collection efficiency ratio (CER) stood at 96 per cent at the end of financial year 2021-22 (FY22), against 93 per cent in the preceding third quarter. Loans and advances of the bank grew 16 per cent year-on-year at Rs 1,01,359 crore at the end of March 31, 2022, while its total deposits increased to Rs 96,331 crore year-on-year at the end of last quarter on 2021-22.
CASA (Current Account Savings Account) deposits increased 18 per cent year-on-year to Rs 40,072 crore while retail deposits stood at 77 per cent of total deposits. CER of the micro-credit vertical increased 95 per cent in the last quarter of FY22, up from 91 per cent in the third quarter of last fiscal.
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.
