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Bandhan Bank Ltd (BANDHANBNK)

₹192.62.09%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 23 analysts

HOLD

39.13%

Buy

34.78%

Hold

26.09%

Sell

Based on 23 analysts offering long term price targets for Bandhan Bank Ltd. An average target of ₹211.04

Source: S&P Global Market Intelligence

Bandhan Bank Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹192.22
    ₹197.89
  • 52 Week's Low

    52 Week's High

    ₹169.15
    ₹263.1
1 Month Return-0.84 %
3 Month Return+ 9.46 %
1 Year Return-10.75 %
Previous Close₹196.72
Open₹197.19
Volume1.04Cr
Upper Circuit-
Lower Circuit-
Market Cap₹31,691.01Cr

Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹31,691.01 Cr
P/B Ratio1.61
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Aditya Birla Sun Life Frontline Equity Fund Direct Plan GrowthAditya Birla Sun Life Frontline Equity Fund Direct Plan Growth0.81%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth0.78%
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth1.99%
Invesco India Arbitrage Fund Direct Plan Growth OptionInvesco India Arbitrage Fund Direct Plan Growth Option0.71%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.24%

Company Information

Bandhan Bank is an Indian commercial bank that specializes in providing financial services to underserved and underpenetrated markets in the country. Formed in 2001 as a non-governmental organization (NGO), the bank obtained its banking license from the Reserve Bank of India (RBI) in 2015 and initiated its general banking operations. It has since acquired more than 850 branches in the East and North East regions and 2546 Door Step Service Centres (DSCs). During FY 2017-18, it forayed into the gold loan business and established 60 branches. It went public in March 2018 and has received various awards like the Noteworthy Lender to the MSE– Private Sector Bank at the SIDBI ET MSE Awards 2018 and the Best Performing Bank in terms of Aadhaar generation and update using online client at the Aadhaar Excellence Awards in October 2018. As of March 2021, the bank has 5310 banking outlets comprising 1147 branches and 3636 Banking Units and 487 ATMs across the country. In FY 2021, the total deposits increased 36.6% to Rs. 77972.2 crore and 751 new banking outlets were opened with a focus on geographies outside East and North East India. The Bank also launched several new products and services such as Neo Savings Account, three new Current Account products, housing loans and Direct Sales Agent (DSA) Channel for sourcing home loans. It has also installed 1630 Electronic Draft Capture Point of Sale (EDC-PoS) terminals and conducted transactions worth Rs. 5374.19 crore.

Share Price: ₹192.60 per share as on 12 Jul, 2024 04:01 PM
Market Capitalisation: ₹31,691.01Cr as of today
Listing date: 27 Mar, 2018
Chairperson Name: Anup Kumar Sinha
OrganisationBandhan Bank Ltd
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Bandhan Bank Ltd

  • Founder of Bandhan Bank Steps Down as CEO - 11 Jul, 2024

    Chandra Shekhar Ghosh, founder and former CEO of Bandhan Bank, has stepped down from his position despite board approval to continue. He is expected to take on an executive role in Bandhan Financial Services.

  • Bandhan Bank Faces Employee Agitation; Analyst Recommends Buying Stock - 10 Jul, 2024

    Members of the Bandhan Employees Welfare Trust have escalated their agitation against the bank's founder and management. Meanwhile, technical analyst Kkunal V. Parar recommends buying Bandhan Bank stock with a target price of Rs 213-230 in the next few weeks.

  • Bandhan Bank Faces Leadership Crisis Amidst Allegations of Mismanagement - 09 Jul, 2024

    Bandhan Bank's founder and former MD & CEO, Chandra Shekhar Ghosh, has stepped down amidst allegations of mismanagement. The bank has appointed an interim CEO while a leadership advisory firm searches for a permanent replacement. Additionally, the Bandhan Employees Welfare Trust is seeking legal help over alleged fund diversions in favor of Ghosh's family.

  • Bandhan Bank Appoints Ratan Kumar Kesh as Interim CEO - 08 Jul, 2024

    Bandhan Bank has appointed Ratan Kumar Kesh as the Interim Managing Director and Chief Executive Officer (MD & CEO) following the retirement of Chandra Shekhar Ghosh. The bank launched an array of enhanced trade products aimed at increasing confidence in global transactions.

  • Bandhan Bank Appoints Interim CEO Amidst Forensic Audit - 06 Jul, 2024

    Bandhan Bank appoints Ratan Kumar Kesh as interim MD and CEO after founder Chandra Shekhar Ghosh exits amidst forensic audit. Total deposits rise 22.8% YoY.

  • Bandhan Bank Advances and Deposits Grow in Q1 FY2025 - 05 Jul, 2024

    Bandhan Bank reports a growth of 22% YoY in advances and deposits for Q1 FY2025. The bank's board is expected to finalize the name of the interim CEO as current CEO Chandra Shekhar Ghosh retires on July 9.

  • Bandhan Bank Reports Strong Growth in Deposits and Advances - 04 Jul, 2024

    Bandhan Bank reports a significant increase in loans & advances and total deposits for Q1FY25, with CASA ratio decreasing from 36% to 33.4%. However, the bank's net profit fell sharply by 93.24% in Q4 FY24.

  • Bandhan Bank Reports Strong YoY Growth in Loans and Deposits - 03 Jul, 2024

    Bandhan Bank reports impressive YoY growth of 21.8% in loans and advances at Rs 1.25 lakh crore and 22.8% rise in total deposits at Rs 1.33 lakh crore for Q1. However, the bank's CASA ratio falls to 33.4%. Shares surge over 4%.

  • Bandhan Bank Launches Online Tax Collection Facility; UBS Initiates Coverage - 28 Jun, 2024

    Bandhan Bank has launched an online facility for the seamless payment of direct taxes across India. Meanwhile, UBS has initiated coverage on the bank with a neutral rating and a target price of Rs 230.

  • Bandhan Employee Welfare Trust Denies Irregularities - 27 Jun, 2024

    Bandhan Employee Welfare Trust, which owns 14.6% of Bandhan Financial Services, has denied any irregularities or misappropriation of funds by the founder in a statement to CNBC-TV18.

  • RBI Appoints Director on Bandhan Bank Board for Smooth Transition - 26 Jun, 2024

    The Reserve Bank of India has appointed an additional director on the board of Bandhan Bank to ensure a smooth management transition as CEO Chandra Shekhar Ghosh is set to retire next month. Analysts are not concerned and maintain a BUY rating with a target price of Rs 250-260.

  • RBI Appoints Additional Director on Bandhan Bank Board Ahead of CEO Retirement - 25 Jun, 2024

    The Reserve Bank of India has appointed an additional director on the board of Bandhan Bank for a period of one year, ahead of the retirement of current MD and CEO Chandra Shekhar Ghosh. Shares tumbled 4%, but broking firm Macquarie believes it is a prudent measure to ensure proper functioning of the bank.

  • Bandhan Bank Recommended as Buy by Analyst - 22 Jun, 2024

    Mehta Equities' technical analyst Riyank Arora has recommended buying Bandhan Bank with a target price of Rs 222 due to strong technical indicators and high trading volumes.

  • Bandhan Bank Upgraded; Banking Stocks Rally - 20 Jun, 2024

    Bandhan Bank was upgraded to outperform with a revised target price of Rs 240, while banking stocks including BoB, IDFC First Bank, The Federal Bank, and Bandhan Bank rallied between 12% to 14.5% since June 4.

  • Bandhan Bank Plans to Transform Business Strategy - 19 Jun, 2024

    Bandhan Bank aims to achieve a 50:50 ratio of unsecured and secured loans by FY26. It has diversified its book to include various types of loans, overhauled credit underwriting processes, and set up a data analytics team for risk management with customer-centric growth.

  • Bandhan Group Acquires Aegon Life Insurance - 14 Jun, 2024

    In February 2024, Bandhan Group acquired Aegon Life Insurance and rebranded it as Bandhan Life in April 2024. The acquisition will benefit from the distribution capabilities of Bandhan Bank to scale up reach for life insurance products.

Insights on Bandhan Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 10.41% to 16.33% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 39.98% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 46.8% return, outperforming this stock by 57.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 100.4% return, outperforming this stock by 139.6%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 30.69% to 27.14% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 9.63% to 8.06% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 years, BANDHANBNK stock has moved down by -39.2%

Bandhan Bank Ltd Infographics

Bandhan Bank Limited July-September'24 Results: Financial Performance

Let's find out how Bandhan Bank performed this quarter (Q2FY24)

  • Let's find out how Bandhan Bank performed this quarter (Q2FY24)
  • Retail loans were the mainly attributed for Bandhan Bank's profits this earnings
  • Significant increase in bad loans was witnessed
  • Interest income rose by 11% due to higher retail loans.
  • What is NPA (Non Performing Asset)?
  • Here's how NPA affects investors and borrowers
  • Here's what major analysts have to say about Bandhan Bank
  • Comparing Loans and Deposits of Bandhan Bank
  • Bandhan bank's share price declined sharply mainly due to higher Net NPAs

News

Stocks Under F&O Ban: RBL Bank, Bandhan Bank, Aditya Birla Fashion, and Others

Under the futures and options (F&O) segment, ten stocks were banned from trade on Friday, 12 July by the National Stock Exchange (NSE).

12 Jul, 2024 09:13 AM

Canara Bank, Federal Bank among 11 counters that witnessed decrease in NPAs in Q4

The net NPA ratio of Bandhan Bank stood at 1.11% in Q4FY24, while it was 2.21% in Q3FY24. The PE ratio of the stock is 13.92, while the firm has a market cap of... Read more

13 Jul, 2024 10:17 AM

Highest FD rate: 10 banks offering maximum return of 8.75%

If you are also planning to invest in FD in the near future and also want bumper profits check the interest rate offered by various banks

14 Jul, 2024 11:55 AM
View More

Company Financials

Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,56,029.52Cr
↑12.08%
Total Liabilities
₹1,56,029.52Cr
↑12.08%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹4,244.62Cr
↓570.48%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
39.98%
0.00
Foreign Institutions
27.14%
0.00
Mutual Funds
8.06%
0.00
Retail Investors
16.33%
0.00
Others
8.48%
0.00

Key Indicators

Earnings and Dividends

  • Bandhan Bank Ltd Earnings Results

    Bandhan Bank Ltd’s net profit fell -93.24% since last year same period to ₹54.63Cr in the Q4 2023-2024. On a quarterly growth basis, Bandhan Bank Ltd has generated -92.54% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Bandhan Bank Ltd Dividends May,2023

    In the quarter ending March 2023, Bandhan Bank Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.78%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Bandhan Bank Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Bandhan Bank Ltd (BANDHANBNK) share price today is ₹192.6

Bandhan Bank Ltd is listed on NSE

Bandhan Bank Ltd is listed on BSE

  • Today’s highest price of Bandhan Bank Ltd is ₹197.89.
  • Today’s lowest price of Bandhan Bank Ltd is ₹192.22.

Today’s traded volume of Bandhan Bank Ltd(BANDHANBNK) is 1.04Cr.

Today’s market capitalisation of Bandhan Bank Ltd(BANDHANBNK) is ₹31691.01Cr.

Bandhan Bank Ltd(BANDHANBNKPrice
52 Week High
₹263.1
52 Week Low
₹169.15

Bandhan Bank Ltd(BANDHANBNK) share price is ₹192.6. It is down -26.80% from its 52 Week High price of ₹263.1

Bandhan Bank Ltd(BANDHANBNK) share price is ₹192.6. It is up 13.86% from its 52 Week Low price of ₹169.15

Bandhan Bank Ltd(BANDHANBNKReturns
1 Day Returns
-4.12%
1 Month Returns
-0.84%
3 Month Returns
9.46%
1 Year Returns
-10.75%