Bandhan Bank was incorporated in 2015 as the RBI granted a universal banking license. The bank has a strong presence in eastern and north-eastern India with MFI loans being its forte.
Improvement in asset quality boosted its overall results.
Bandhan Bank announced Q3FY23 results:
Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards. The bank’s diversification agenda is well on track and with the operating environment being favourable, the bank is well poised for its next phase of growth.
Banking outlets as on December 31, 2022, stood at 5,723. The network consists of 1,250 branches, 4,473 banking units as against 1,176 branches and 4,450 banking units as on December 31, 2021. During the quarter, the number of employees at the bank has gone up from 64,078 to 66,114."
Equity Capital: 17,381.15 Cr FV: 10.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 9,685.54 | 2,803.96 |
| LAST 3M | 37,008.78 | -10,423.44 |
| LAST 6M | 71,048.89 | 6,388.10 |
| LAST 12M | 156,597.56 | -39,641.53 |
| Date | Action Type | Ratio |
|---|---|---|
| Jul 29, 2021 | Dividend | 10 |
Bandhan Bank Ltd. is a banking and financial services company established on 23 August 2015. The company transitioned from an NGO to a Non-Banking Financial Company (NBFC) before becoming a bank in a span of more than two decades. Headquartered in Kolkata, Bandhan Bank has presence in 34 states and Union Territories of India. The bank has 5,639 banking outlets, 471 ATMs, and more than 2.63 crore customers. The bank’s total revenue for FY 2021-2022 was Rs. 4,836 crore, and its market capitalisation as of 16 June 2022 was worth Rs. 49,426.77 crore.
Bandhan started as a society in 2001 aimed at women empowerment and sustainable living in rural West Bengal. It became an NBFC in 2006 and the largest microfinance institution in the country in 2010. Bandhan Bank came to existence in 2015 and became the first microfinance institution in India to get a banking license. In 2019, Bandhan Bank acquired a stake of HDFC Limited in GRUH Finance.
Bandhan Bank Ltd.’s shareholding pattern includes six shareholder categories. Promoters hold a 39.99% stake, foreign institutions have a 34.31% stake, national banks and mutual funds have a 4.19% stake, the general public has a 6.16% stake, and financial institutions have a 0.37% stake. The remaining 14.98% is allotted to other categories.
Mr Chandra Shekhar Ghosh is the managing director and CEO of the bank. Mr Ronti Kar is the chief information officer, and Mr Sudheer Reddy is the chief compliance officer of the bank. Mr Indranil Banerjee is presently serving as the company secretary. Other heads include Mr Santanu Banerjee, Mr Sujoy Roy, Mr Arvind Kanagasabai, Mr Sanjeev Naryani. Mr Kamal Batra, and Mr Suresh Iyer.
Here is the latest Bandhan Bank share price:
Bandhan Bank share price on BSE, as of 16 June 2022, was Rs. 308.70. Bandhan Bank share price NSE closed at Rs. 309.35 on 16 June 2022. The 52-week high for the Bandhan Bank share was Rs. 354.35, and the 52-week low of the Bandhan share price was Rs. 229.55 as of 16 June 2022.
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DN 32 Sector V, Salt Lake, Kolkata, West Bengal, 700091
| Tel | : | 91-33-66090909 |
| : | investors:bandhanbank.com | |
| Website | : | http://www.bandhanbank.com |
KFin Techologies Ltd
| AGM Date (Month) | : | Aug |
| Face Value Equity Shares | : | 10 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 541153 |
| NSE Code | : | BANDHANBNK |
| Book Closure Date (Month) | : | Jul/Aug |
| BSE Group | : | A |
| ISIN | : | INE545U01014 |
FAQ’s on Bandhan Bank Ltd SharesYou can buy Bandhan Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bandhan Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Mar 23, 2023 04:01 PM the closing price of Bandhan Bank Ltd was ₹ 212.50.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 23, 2023 04:01 PM, the market cap of Bandhan Bank Ltd stood at ₹ 34,230.18.
The latest PE ratio of Bandhan Bank Ltd as of Mar 23, 2023 04:01 PM is 10.41
The latest PB ratio of Bandhan Bank Ltd as of Mar 23, 2023 04:01 PM is 0.55
The 52-week high of Bandhan Bank Ltd is ₹ 349.50 while the 52-week low is ₹ 197.80
According to analyst recommendations, Bandhan Bank Ltd has a “Buy” rating for the long term.
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