Shares of Bandhan Bank gained as important as 1.75 percent on Thursday, July 4, to reach an intraday high of Rs214.65. The shares were trading 1.56 per cent lower at Rs207.65 per share, at 122 PM. Compared with this, the BSE Sensex traded 0.28 percent advanced at 80,208.04.
An excellent business update for the June quarter(Q1FY25) contributed to the rise in shares price.
There have been a21.8 per cent rise in loans & advances for Bandhan Banks with an aggregate of Rs 125,619 crore in Q1FY25, compared to Rs 103,169 crore at the morning of the same quarter last time(Q1FY24). From Rs 124,721 crore in Q4FY24 to Rs 124,721 crore in Q4FY25, the profit rose by0.7 percent on a daily basis.
Total deposits due to rise in shares price.
The total deposits climbed 22.8 percent on a Y- o- Y base to Rs 133,203 crore, from Rs 108,480 crore in the same quarter a time ago. On a net base, still, the quantum of deposits dipped by1.5 QoQ from Rs 135,202 crore in Q4FY24 to Rs 135,127 crore in Q2FY25. There was a periodic jump of13.8 from 39,077 crore to 44,453 crore in current account and savings regard (CASA) deposits in Q4FY24. As for CASA deposits, they dropped 11.4 from Rs 50,151 crore on a quarter-over-quarter base.
There was a periodic increase of 19.2 per cent in consumer deposits, including CASA, from Rs 77,240 crore to Rs 92,104 crore. Nonetheless, it fell 1.8 from Rs 93,801 crore to Rs 92,940 crore in the quarter. In comparison to last time, the number of bulk deposits held by the private lender increased 31.6 on a periodic base to Rs 41,099 crore, as opposed to last time’s Rs 31,240 crore. On a daily basis, it fell by0.7, from Rs 41,401 crore to Rs 40,069 crore, on a daily basis.
In addition to that, the retail to deposits rate stood at 69.1 per cent in the first quarter of FY 25, which is lower than the figure of 71.2 percent that was recorded in the same quarter last time(Q1FY24). Bandhan Bank also reported a CASA rate of33.4 percent for the June quarter of FY 25, compared to 36 percent for the June quarter of FY24. CASA stood at 37.1 in Q4FY24.
Bandhan bank shares : In focus
West Bengal’s Bandhan Bank provides fiscal services and banking to the original community. Underbanked and unbanked parts of society are Bandhan Bank’s primary target, and it specializes in microfinance for small businesses, growers, and individuals in pastoral and semi-urban areas. A variety of banking products and services are available from the bank, including savings accounts, current accounts, fixed deposits, and loans (particular, business, and agrarian). The requested capitalization of Bandhan Bank is Rs 33,242.37 crore, according to Bombay Stock Exchange (BSE).
