Bandhan Bank rises on logging growth of 21% in loans and advances during Q2FY25
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Bandhan Bank is currently trading at Rs. 188.05, up by 1.15 points or 0.62% from its previous closing of Rs. 186.90 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 192.30 and Rs. 187.80 respectively. So far 283093 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.15 on 04-Jan-2024 and a 52 week low of Rs. 169.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 204.35 and Rs. 186.65 respectively. The current market cap of the company is Rs. 30471.52 crore.
The promoters holding in the company stood at 39.98%, while Institutions and Non-Institutions held 43.38% and 16.64% respectively.
Bandhan Bank’s loan & advances stood at Rs 1,30,652 crore (provisional) as of September 30, 2024 (Q2FY25), posting a 21.4% rise in year-on-year (YoY) terms against Rs 1,07,633 crore as of September 30, 2023. Total deposits grew 27.2% to Rs 1,42,511 crore (provisional) as of September 30, 2024, as compared to Rs 1,12,079 crore as of September 30, 2023.
CASA deposits stood at Rs 47,284 crore (provisional) as of September 30, 2024, posting a 9.5% rise in year-on-year terms against Rs 43,196 crore as of September 30, 2023. CASA Ratio stood at 33.2% as of September 30, 2024 versus 38.5% as of September 30, 2023.
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.
