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01-01-1970 12:00 AM | Source: Accord Fintech
Bandhan Bank surges after its loans & advances jump 21% in Q4FY21
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Bandhan Bank is currently trading at Rs. 332.35, up by 4.90 points or 1.50% from its previous closing of Rs. 327.45 on the BSE.

The scrip opened at Rs. 334.00 and has touched a high and low of Rs. 341.00 and Rs. 329.55 respectively. So far 234900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 430.25 on 11-Dec-2020 and a 52 week low of Rs. 173.50 on 13-Apr-2020.

Last one week high and low of the scrip stood at Rs. 364.85 and Rs. 319.00 respectively. The current market cap of the company is Rs. 53633.22 crore.

The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 39.58% and 20.43% respectively.

Bandhan Bank has reported 21% year-on-year growth in its loans and advances at Rs 87,054 crore in March quarter 2021 (Q4 FY21) from Rs 71,846 crore in March quarter 2020 (Q4 FY20). Total deposits jumped 37% to Rs 77,972 crore in Q4 FY21 from Rs 57,082 crore in Q4 FY20. The retail to total deposits ratio was at 79% as on March 31, 2021 as against 78% as on March 31, 2020.

CASA deposits in Q4 FY21 stood at Rs 33,827 crore, up by 61% from Rs 21,028 crore recorded in the same period last year. CASA ratio was at 43.4% as on March 31, 2021as against 36.8% as on March 31, 2020.

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.