Stocks to buy today, June 19, 2025: Maruti Suzuki, Avenue Supermarts, and Bandhan Bank shares are seeing buying interest near support levels. Check out trading strategies for these stocks
Capri Global, Five-Star Business, IIFL Finance, Bandhan Bank, Fedbank Financial, ESAF SFB and RBL Bank from the BSE Financial Services index have rallied between 5% and 14% in intra-day trade today.
F&O stocks: Bandhan Bank share price has been forming bullish 'higher top-higher bottom' formation on the daily chart
SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank have announced a combined sale of their 20% stake in Yes Bank to Japan's SMBC
Sequentially, net profit was down 25.4 per cent
Bandhan Bank on Wednesday reported a more than five-fold increase in its net profit for the quarter ended March 31, 2025, at Rs 318 crore, compared to Rs 55 crore in the year-ago period, driven by lower provisions despite a decline in net interest income. The lender's net revenue in Q4 FY25 stood at Rs 3,456 crore, marginally lower than Rs 3,560 crore in the corresponding quarter of the previous year. Net interest income (NII) dropped 4 per cent YoY to Rs 2,756 crore, while the net interest margin (NIM) contracted to 6.7 per cent, down 4 per cent. For the full financial year FY25, the bank's profit after tax rose 23 per cent to Rs 2,745 crore from Rs 2,230 crore in FY24. For FY25, Bandhan Bank's net revenue grew 16 per cent YoY to Rs 14,458 crore, while NII rose 11 per cent to Rs 11,491 crore. Operating profit was up 11 per cent at Rs 7,389 crore.
The savings account will allow customers to deposit unlimited cash each month, with free RTGS, NEFT, and IMPS transactions
In Q4, the company said its total deposits increased 11.8 per cent year-on-year (Y-o-Y) to ₹151,209 crore as compared to ₹135,202 crore
Private lender Bandhan Bank on Wednesday said it has inked an MoU with the Indian Air Force to provide corporate salary accounts to the defence personnel. The Bandhan Bank Shaurya Salary Account' will have features like zero balance savings account, protection for self and family, and attractive interest rates, the lender said in a statement. "Bandhan Bank, with its pan Indian presence, is deeply committed to support the nation through every initiative. We are excited to strengthen our partnership with the IAF to deliver superior banking experience," Executive Director and Chief Business Officer Rajinder Babbar said. The RBI has appointed Bandhan Bank as an agency bank. The lender has been also authorised by the Central Board of Direct Taxes for collection of taxes, and disbursement of central civil and railway pensions. Bandhan Bank currently has 6,300 banking outlets, with total business touching Rs 2.73 lakh crore, the statement said.
Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure
The reversal in risk weights on MFI loans from 125 per cent to 100 per cent and 75 per cent will help reduce risk weighted assets or RWAs for banks
CreditAccess, L&T Fin, RBL Bank, Poonawalla Fincorp, Five-Star Business Finance, Ujjivan SFB, Shriram Finance, Cholamandalam, M&M Financial, AU SFB and Bandhan Bank were up in the range of 4% - 15%.
The rally in Bandhan Bank's share price followed an upgrade from Hong Kong-based brokerage firm CLSA, which raised its rating to 'High Conviction Outperform' from the previous 'Outperform' rating
Technical chart shows that Bandhan Bank stock is likely to trade with a bearish bias as long as the stock remains below Rs 132.80; A counter rally can lead to 28% upside; check key levels here
Private lender Bandhan Bank on Friday reported a 42 per cent decline in its net profit for the third quarter of the current financial year at Rs 426 crore as compared to Rs 733 crore in the year-ago period. Lender's MD and CEO Partha Pratim Sengupta said that the drop in net profit was primarily due to a change in accounting procedure and an additional provision of Rs 336 crore for loans, which turned bad, during the October-December quarter. He said accounting for the Employee Stock Option Scheme (ESOP) also impacted the net profit to the tune of Rs 166 crore. Sengupta told reporters that the bank has drawn up a strategy for its next phase of growth. He said the strategy is "to be more secular in its approach as a large contribution is coming from the microfinance sector which is facing challenges. More stress will be given on liability products and digital banking". The bank's net revenue during the third quarter of the current fiscal stood at Rs 3,926 crore as compared to Rs 3,
The lower profit was attributed to a change in the accounting policy for ESOPs, higher provisions due to stress in the microfinance portfolio
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In Q3FY25, Bandhan Bank's collection efficiency continued to deteriorate by approximately 60 bps quarter-on-quarter to 97.6 per cent from 98.2 per cent in Q2FY25
Sensex hit 79,020 in intra-day trade today, falling 3.79 per cent or 3,113.12 points in four trading days from the level of 82,133 touched on Friday, December 13
The acquisition will help Bandhan Group expand its global footprint with new offices in the US, UK, and India, significantly enhancing its presence in these markets