Bandhan Financial institution shares gave up preliminary positive aspects in unstable commerce on Monday, falling for the sixth session in a row. The Bandhan Financial institution stock–traded with the image BANDHANBNK on BSE and NSE–ended weaker by Rs 2.6, or 1.4 per cent, at Rs 184.3 apiece on BSE.
On Friday, the Kolkata-headquartered lender reported a 21.4 per cent year-on-year enhance in complete loans and advances to Rs 1,30,652 crore whereas its complete deposits elevated 27.2 per cent to Rs 1,42,511 crore, as of September 30.
The lender stated its CASA deposits stood at Rs 47,284 crore, up 9.5 per cent over the year-ago interval, whereas its retail deposits (together with CASA) grew 16.4 per cent to Rs 96,603 crore.
Bandhan Financial institution shares reversed course after rising to as excessive as Rs 192.3 apiece amid giant volumes on BSE. As many as 11.9 lakh Bandhan Financial institution shares modified palms throughout the session as in opposition to a each day common of 5.9 lakh recorded previously two weeks, in line with provisional change knowledge.
Bandhan Financial institution has but to announce the date it is going to launch its monetary outcomes for the July-September quarter.
Its enterprise replace comes at a time when traders await the onset of a brand new earnings season on Dalal Road.
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For the quarter ended June 30, Bandhan Financial institution reported a internet revenue of Rs 1,063.5 crore as in opposition to a internet revenue of Rs 721.05 crore for the corresponding interval a 12 months in the past.
Its internet curiosity earnings, a key measure of earnings for monetary establishments, grew 20.7 per cent to Rs 3,005 crore, in line with a regulatory submitting.
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