Page 8 - Bandhan Bank

Bandhan Bank, UPL, Macrotech and Nykaa offer highest upside potential

Consensus target price for these stocks well above current market price

Varun Beverages, ABB, Page among six stocks that could become large-caps

They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics

Bandhan Bank opens currency chest in Guwahati, terms it 'important market'

Bandhan Bank opened its currency chest in Guwahati which will cater to the northeastern region including Assam, an "important market" for the private lender. This is the second currency chest of the bank after Patna. A statement by the bank said that the currency chest will help cash management for MSME and traders in the North East. Assam has been an important market for Bandhan Bank for many years now. The opening of this currency chest is a testament to our commitment to the development of Assam and the North Eastern states of India," said C S Ghosh, MD & CEO of Bandhan Bank. In Assam, Bandhan Bank currently has a customer base of around 26 lakh and a network of more than 472 banking outlets. The bank will open more than 550 new branches across India in the current financial year, out of which 20 will be in Assam. "We have received the trust and love of more than 26 lakh customers in the state. Our significant distribution in Assam and the rest of the North East made Guwahati

Bandhan Bank slips 10% to hit lowest level this year on weak Q2FY23

Analysts believe that though balance sheet restructuring in progress, the operationally weak performance and uncertainty on stressed pool remains an overhang

Bandhan Bank reports net profit of Rs 209 cr in FY23 Sept quarter

Private sector lender Bandhan Bank on Friday reported a net profit of Rs 209.30 crore in the quarter ended in September 2022 on the back of a fall in bad loans. The Kolkata-headquartered bank had posted a net loss of Rs 3,008.60 crore in the same quarter a year ago. The bank's total income during the July-September period of 2022-23 grew by 8.5 per cent at Rs 2,669.4 crore as against Rs 2,459.9 crore in the same period of 2021-22, Bandhan Bank said in a regulatory filing. The lender said its housing finance division achieved its best-ever growth of 32 per cent year-on-year and the retail division grew 112 per cent from a year ago. Commercial banking division grew 96 per cent yearly. Among other key parameters, the net interest income, interest earned minus interest expended, rose by 13.3 per cent in Q2FY23 at Rs 2,193 crore, as against Rs 1,935.4 crore in Q2FY22, the bank said. However, the non-interest income fell by 9.2 per cent during the quarter to Rs 476.4 crore from Rs 524.5

Bandhan Bank plans to hike exposure of secured loans to 70% by 2025

Currently, 39 per cent of the asset book is secured

Bandhan Bank to raise exposure of secured loans to 70% by 2025

Private lender Bandhan Bank on Thursday said it will diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025. The bank will also diversify its geographical presence, MD & CEO of Bandhan Bank Chandra Sekhar Ghosh said. Ghosh said that percentage of the bank's secured loans at present is 39 per cent. Ten per cent of its exposure will be on retail channels - automobiles including two-wheelers, gold and personal loans. As per the initial disclosures of the bank, loans and advances of the lender at the end of the second quarter stood at Rs 99,374 crore, reflecting a 22 per cent rise year-on-year. "The bank will diversify the asset base and exposure to secured loans will grow to 70 per cent by 2025," he told reporters here. Bandhan Bank announced on Thursday it has appointed former Indian cricket captain Sourav Ganguly as its brand ambassador. Ghosh said, "The bank will focus on housing loans which are witnessing a good demand growth. MSME will be the ..

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

Stocks to watch: TCS, HUL, GCPL, Ambuja Cements, Tata Power, Bandhan Bank

Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%

Bandhan Bank loans, deposits rise over 20% to Rs 99,374 cr in Q2FY23

Bandhan Bank on Saturday reported a 22 per cent jump in loans and advances at Rs 99,374 crore at end of September quarter 2022. The Bank's loans and advances were Rs 81,661 crore in the year-ago period. Total deposits of the private sector lender rose by 21 per cent to Rs 99,365 crore at end of September quarter 2022, as against Rs 81,898 crore a year ago. Of this, retail deposits were of Rs 73,660 crore, which was higher by 7 per cent from the year ago's Rs 68,787 crore. The retail deposit includes current account and savings account (CASA) of Rs 40,509 crore, up by 11 per cent from a year earlier. CASA ratio was at 40.8 per cent as of September 30, 2022. Bank's retail deposit formed 74 per cent of the total deposits. Bandhan Bank said its pan India collection efficiency, excluding non-performing assets and including restructured customers, was 97 per cent, up from 96 per cent at end of June 2022 quarter. The lender said the numbers mentioned as on September 30, 2022 are provi

Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari

According to the technical analyst from Anand Rathi, Bandhan Bank can be shorted for a price target of Rs 272, while Eris Lifesciences can be bought for a target of Rs 800.

Bandhan Bank stock weighed down by weak sentiment; worst may be priced in

The guidance is for overall 20 per cent growth in 2022-23

25% micro credit customers graduated to SMEs since Covid: Bandhan Bank MD

Ghosh says bank is looking to increase branch count to 8,000 nationally from the current 5,640

ICICI Bank, Bandhan Bank, Karnataka Bank increase MCLR across tenors

Loan rates going up after central bank's rate-setting committee hiked benchmark policy rate by 50 basis points

Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC

Stocks to watch today: Canara Bank plans to raise up to Rs 3,500 crore through tier II bonds; TCS clarified that it would pay 100 per cent of variable payout in the June quarter of FY23.

Bandhan Bank to open 551 branches in FY'23: MD Chandra Sekhar Ghosh

Bandhan Bank will open 551 more branches in the 2022-23 fiscal, as a part of the lender's focus to make its distribution stronger in other parts of India outside the eastern region, MD & CEO Chandra Sekhar Ghosh said. With the latest addition, the Kolkata-headquartered bank's branch count will exceed 6,000, he said. "India is a huge country and just one Bandhan Bank of the scale at which we are right now is not enough. So, we have to scale up even further and even faster. "Majority of these (new branches) will be outside of east India, where we are already very strong in penetration. Bolstering our distribution in other parts of the country is a key focus for us," Ghosh said here at the seventh anniversary celebrations of Bandhan Bank on Monday night. He said the bank's push for digital and tech transformation has been a great success, with 92 per cent of the total transactions taking place through the digital route. Ghosh also said Bandhan Bank will continue to expand its product

Bandhan Bank opens its first currency chest in Patna's Deedargunj

The bank plans to open more than 530 new bank branches across the country in this financial year

Asset quality worries weigh on Bandhan Bank's stock as NPAs spike

Analysts have 'neutral' to 'buy' recommendation on the share with target price ranging between Rs 320 and Rs 440, it closed at Rs 273 on Monday

Bandhan Bank Q1 net profit doubles to Rs 887 cr due to decline in bad loans

Total income increased to Rs 2,844.1 crore from Rs 2,731 crore. Interest income of the lender jumped to Rs 2,514.4 crore from Rs 2,114.1 crore, Bandhan Bank said in a regulatory filing.

Private bank shares under pressure; AU SFB, Bandhan, RBL Bank tank up to 9%

As of 10:09 am, the S&P BSE Private Bank and Nifty Private Bank index were down 1 per cent each, as compared to 0.6 per cent decline on the benchmarks, S&P BSE Sensex and Nifty50 index.