Bandhan Bank shines on reporting 36% rise in Q3 net profit

Bandhan Bank is currently trading at Rs. 300.85, up by 5.80 points or 1.97% from its previous closing of Rs. 295.05 on the BSE.

rbi imposes penalty of rs 1 crore on bandhan bank
rbi imposes penalty of rs 1 crore on bandhan bank

The scrip opened at Rs. 302.90 and has touched a high and low of Rs. 304.45 and Rs. 296.00 respectively. So far 286733 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 371.15 on 24-Mar-2021 and a 52 week low of Rs. 229.65 on 27-Dec-2021.

Last one week high and low of the scrip stood at Rs. 308.55 and Rs. 287.70 respectively. The current market cap of the company is Rs. 47525.06 crore.

The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 36.54% and 23.47% respectively.

Bandhan Bank has reported a rise of 35.79% in its net profit at Rs 8589.70 crore for the quarter ended December 31, 2021 as compared to Rs 6325.92 crore for the same quarter in the previous year.

Total income of the bank increased by 6.48% at Rs 41,209.49 crore for Q3FY22 as compared Rs 38,701.68 crore for the corresponding quarter previous year.

The bank’s gross Non Performing Asset (NPA) to gross advances for the October-December quarter of the current fiscal increased to 10.81%, as compared to 1.11% in the same quarter of the previous year.

Besides, bank’s net NPA to net advances stood at 3.01% in Q3FY22.

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