Bandhan Bank falls despite logging growth of 18.6% in loans and advances during Q3
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Bandhan Bank is currently trading at Rs. 250.10, down by 10.55 points or 4.05% from its previous closing of Rs. 260.65 on the BSE.
The scrip opened at Rs. 262.65 and has touched a high and low of Rs. 263.00 and Rs. 248.05 respectively. So far 733647 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.00 on 01-Jun-2023 and a 52 week low of Rs. 182.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 263.15 and Rs. 239.50 respectively. The current market cap of the company is Rs. 40755.96 crore.
The promoters holding in the company stood at 39.98%, while Institutions and Non-Institutions held 50.29% and 9.72% respectively.
Bandhan Bank has reported a growth of 18.6 per cent in its loans and advances during the third quarter ending December 31, 2023 (Q3) at Rs 1,15,964 crore as against Rs 97,787 crore during the year-ago period. Total deposits increased 14.8 per cent to Rs 1,17,422 crore during the quarter under review.
While retail deposits, including CASA (current account savings account), rose by 19 per cent to Rs 84,563 crore, bulk deposits grew by 5.2 per cent to Rs 32,859 crore. The total collection efficiency ratio of the bank at the end of the quarter stood at 98 per cent.
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.
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