Bandhan Bank | Pixr8 News

Bandhan Bank Records 47.5% rise in Q1 Net Profit On Higher Interest

19Jul By Gauri SinghNo Comments

Market

Bandhan Bank Records 47.5% rise in Q1 Net Profit On Higher Interest

Bandhan Bank Ltd witnessed a powerful rise of 47.5% to Rs 481 crore in its quarterly profit because of the higher other income and net interest income. The shares of the bank rose to a record as its quarterly profit increased and asset quality remained stable. Along with this, the net interest income, or the core income of the bank, rose 40% to Rs 1,037 crore. In the previous quarter, the Kolkata-based bank posted a net profit of Rs 327 crore. Gross bad loans as a percentage of total loans were recorded at 1.26% in this quarter, in comparison with 1.25% in the previous quarter and 0.93% a year ago. “The start of FY19 has been promising with advances growing year-on-year by 52%, overcoming the seasonality we normally witness during the first quarter. We will strive to maintain growth an...

Bandhan Bank Shares All Set for Listing on 27th March

24Mar By Lavina TolaniNo Comments

News

Bandhan Bank Shares All Set for Listing on 27th March

Bandhan Bank, a private Indian bank and a financial company, with its headquarters situated in Kolkata, is all ready to list its shares in both BSE and NSE, on 27 March. Having received a positive reception in IPO with about 14.6 oversubscribes, the bank is intended on raising 45 crores that would primarily help in expanding its capital base and allowing part exit of IFC, one of its existing shareholders. The shares were received well by retailers and individuals alike at the IPO, and the CEO C.S Ghosh said that he was looking forward to a bullish response. Bandhan Bank which initially began as a micro-finance venture in 2001 is currently running its 864 branches and 386 ATM’s all over the country. With its prominent hold particularly in northeastern India, including Assam, Bengal, and ...

Bandhan Bank IPO Subscribed Over 42% on Day 1

16Mar By AdityaNo Comments

Market

Bandhan Bank IPO Subscribed Over 42% on Day 1

New Delhi: Bandhan Bank Ltd, an Indian banking, and financial services company headquartered in Kolkata received 42% initial public offering (IPO) subscription on the first day of bidding. On Wednesday, Kolkata-based Bandhan Bank raised Rs 1,342 crore from anchor investors and is looking to raise a total amount of Rs 4,473 crore from the public issue of its shares. The portion of shares reserved for institutional investors in the Bandhan Bank IPO was subscribed 1.26 times, while those for retail investors and high net-worth individuals (HNIs) saw a subscription of 12% and 1%, respectively. The Bandhan Bank IPO received bids for 35,005,200 shares against the total issue size of 83,496,347 shares, NSE data showed. The Bandhan Bank IPO is of up to 119,280,494 shares comprising fre...

Bandhan Bank 2500 Crore IPO, Shares will Launch in Mid March

7Mar By NitishNo Comments

Market

Bandhan Bank 2500 Crore IPO, Shares will Launch in Mid March

SEBI has granted approval to Kolkata based bank Bandhan Bank to raise an estimated Rs 2,500 crore through an initial public offering. The company's shares will launch in Mid March, the initial draft was filed with SEBI on January 1 and move into “observations” on February 28. As per the SEBI’s “observations & guidelines", the draft papers of Bandhan Bank IPO will issue up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 shares by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company. Kotak Mahindra, Axis Capital Ltd, Goldman Sachs India etc are the institutions that will handle Bandhan bank's regulatory work during the issue. The former microfinance lender, which launched itself as a bank on 23 December 2014, has ...

Bandhan Bank Posts Net Profit of Rs275.24 crore

15May By Press Trust of IndiaNo Comments

News

Bandhan Bank Posts Net Profit of Rs275.24 crore

Kolkata: Joining Indian banking league with 501 branches, Bandhan Bank Ltd said it had posted a net profit of Rs.275.24 crore, or Rs.3.40 per share, till 31 March, in the little over six months since it started functioning as a bank. The former microfinance lender, which launched itself as a bank on 23 August, has till now clocked revenue of Rs.1,731 crore, it said in a regulatory filing. Earlier in the day, its managing director and chief executive officer Chandra Shekhar Ghosh said at a media interaction that the bank had added around 700,000 new customers since last August and that it currently has around Rs.13,000 crore in public deposits. The loan book size is Rs.15,200 crore, he added, while refusing to discuss financial performance. State-wise, Bandhan's West Bengal unit...