Bandhan Bank slipped 2.24% after the private lender informed that chief audit executive of the bank Ravi Lahoti has tendered his resignation from the services of the bank in order to pursue alternate opportunities.
Lahoti would continue with the bank for a short period and his last working day would be 21 December 2024.
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Bandhan Bank operates as a commercial bank. The Banks distribution network spans nearly 6,300 outlets. The Bank added 8 lakh customers, during the quarter and current customers stand at 3.44 crore customers. The Bank currently has more than 77,500 employees.
The banks net profit surged 47.48% to Rs 1,063.46 crore in Q1 FY25 as compared to Rs 721.05 crore recorded in Q1 FY24. Total income grew by 23.53% to Rs 6,063.35 crore in the first quarter of FY25 from Rs 4,908.02 crore posted in Q1 FY24.
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