Bandhan Bank rises on reporting growth of 18% in loans and advances during Q4

Bandhan Bank is currently trading at Rs.199.00, up by 0.90 points or 0.45% from its previous closing of Rs. 198.10 on the BSE.

The scrip opened at Rs. 203.55 and has touched a high and low of Rs. 203.55 and Rs. 198.60 respectively. So far 977795 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. 173.45 on 14-Mar-2024.

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Last one week high and low of the scrip stood at Rs. 203.55 and Rs. 181.60 respectively. The current market cap of the company is Rs. 32219.39 crore.

bandhan bank
bandhan bank

The promoters holding in the company stood at 39.98%, while Institutions and Non-Institutions held 49.61% and 10.41% respectively.

Bandhan Bank’s loan & advances stood at Rs 128,572 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 17.8% rise in year-on-year (YoY) terms against Rs 109,122 crore as of March 31, 2023. Total deposits grew 25.1% to Rs 135,198 crore (provisional) as of March 31, 2024, as compared to Rs 108,069 crore as of March 31, 2023.

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CASA deposits stood at Rs 50,151 crore (provisional) as of March 31, 2024, posting a 18.1% rise in year-on-year terms against Rs 42,455 crore as of March 31, 2023. Bulk deposits stood at Rs 41,404 crore (provisional) as of March 31, 2024, posting a 33.0% rise in year-on-year terms against Rs 31,125 crore as of March 31, 2023.

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CASA Ratio stood at 37.1% as of March 31, 2024 versus 39.3% as of March 31, 2023. CD Ratio stood at 95.0% as of March 31, 2024 versus 100.7% as of March 31, 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.