Bandhan Bank shines as its advances rise by 20% at end of June
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Bandhan Bank is currently trading at Rs. 277.80, up by 5.75 points or 2.11% from its previous closing of Rs. 272.05 on the BSE.
The scrip opened at Rs. 268.50 and has touched a high and low of Rs. 279.20 and Rs. 267.45 respectively. So far 94778 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. 283.25 and Rs. 261.70 respectively. The current market cap of the company is Rs. 43821.44 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's advances grew by 20 per cent from a year ago to Rs 96,649 crore as of June 30, 2022. Total deposits of the private sector lender also grew by 20 per cent to Rs 93,057 crore by the end of Q1 FY23.
The bank's CASA (Current Account Savings Account) rose by 21 per cent to Rs 40,195 crore. Retail deposits (including CASA) witnessed a rise of 15 per cent to Rs 73,780 crore. Bulk deposits were up 44 per cent year-on-year at Rs 19,278 crore.
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.
