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Bandhan Bank Shares Extend Gains On Strong Q1 Earnings
19 Jul 2018, 02:59 PM IST 
Bandhan Bank has a network of 937 branches and 475 ATMs
- Bandhan Bank shares opened at Rs 598 on Thursday, slightly lower from the previous day's closing price of Rs 600.15.
- In intraday trade, Bandhan Bank shares rose to as much as Rs 632.40. At that level, it meant a gain of more than 12 per cent in two days.
- Bandhan Bank shares traded with large volumes. By 2:43 pm, 4.3 lakh Bandhan Bank shares had changed hands on stock exchange BSE, compared with a two-week average of 1.4 lakh.
- Bandhan Bank's gross NPAs - or gross bad loans - as a percentage of total loans stood at 1.26 per cent at the end of June, compared with 1.25 per cent in the previous quarter and 0.93 per cent a year earlier. Net NPAs were at 0.64 as against 0.58 per cent at the end of the previous quarter.
- NII or net interest income grew 39.5 per cent to Rs 1,037 crore from Rs 743 crore in the year-ago period, Bandhan Bank said in a regulatory filing on Wednesday.
- Bandhan Bank managing director and CEO Chandra Shekhar Ghosh said: "The start of FY19 has been promising with advances growing 52 per cent year-on-year, overcoming the seasonality, which we normally witness during the first quarter."
- Bandhan Bank is set to complete three years of operations in August this year.
- In its regulatory filing, Bandhan Bank said it would continue to focus on micro-credit financing and retail loans going forward. Micro-credit constituted 85 per cent of the total advances of the lender.
- Bandhan Bank shares listed on stock exchanges BSE and NSE in March this year.
- Bandhan Bank has a network of 937 branches and 475 ATMs, as of June 2018.
