Bandhan Bank Ltd

(BANDHANBNK)

Leadership Change and ESOP Allotment at Bandhan Bank - 15 Oct, 2024

Partha Pratim Sengupta will take over as MD and CEO in November, aiming to transform Bandhan Bank's business model. The bank also allotted 200 equity shares under ESOP, increasing its paid-up capital.

Bandhan Bank Appoints New CEO, Market Responds Positively - 14 Oct, 2024

Bandhan Bank's share price rose after the appointment of Partha Sengupta as MD and CEO, easing investor concerns. The bank also received clarity on CGFMU claims, further enhancing market sentiment.

Bandhan Bank Shares Surge on Leadership and Audit News - 11 Oct, 2024

Bandhan Bank's shares rose significantly following RBI approval for new MD&CEO Partha Sengupta, positive forensic audit results, and a substantial payout from NCGTC. The bank's strong business growth further boosted investor confidence.

Leadership Change and Claims Update at Bandhan Bank - 10 Oct, 2024

Bandhan Bank announces the appointment of Partha Pratim Sengupta as MD and CEO, approved by RBI. Additionally, the bank updates on CGFMU and ECLGS claims following a forensic audit, revealing significant payouts.

Bandhan Bank Faces Mixed Signals Amid Growth - 08 Oct, 2024

Bandhan Bank's stock faced pressure despite a 27% rise in deposits. Concerns linger over asset quality and a declining loan-to-deposit ratio at 92%. The market is cautious about management stability and future growth prospects.

Bandhan Bank Reports Growth Amid Stock Volatility - 07 Oct, 2024

Bandhan Bank's Q2 results show a 24.6% increase in total business. Jefferies maintains a Buy rating with a target of Rs 240, despite concerns over declining CASA ratios. However, the stock fell for the sixth consecutive session, closing at Rs 184.3.

Bandhan Bank Reports Strong Q2 Business Growth - 06 Oct, 2024

Bandhan Bank's total business grew by 24.6% in Q2 FY25, reaching ₹2,73,163 crore. Loans and advances stood at ₹1,30,652 crore, with deposits at ₹1,42,511 crore. The collection efficiency ratio was 98.2%. Interim MD&CEO Ratan Kumar Kesh's tenure extended by one month effective October 10, 2024.

Bandhan Bank Reports Growth and Leadership Update - 05 Oct, 2024

Bandhan Bank announced a 21.4% YoY increase in its loan book and a 27.2% rise in deposits for Q2 FY25. Additionally, Ratan Kumar Kesh's term as interim MD & CEO has been extended for one month, effective October 10, pending shareholder approval.

Bandhan Bank Reports Strong Q2 Growth Metrics - 04 Oct, 2024

In Q2, Bandhan Bank's total deposits rose 27.2% YoY to ₹1.43 lakh crore, while loans and advances increased by 21.4%. The CASA ratio slightly dipped to 33.2%. Retail deposits also showed significant growth, indicating strong financial performance.

Bandhan Bank Shares Fall After Credit Rating Downgrade - 03 Oct, 2024

Bandhan Bank shares fell 4% following ICRA's downgrade of its credit rating to 'AA-' from 'AA'. The downgrade reflects ongoing weaknesses in the bank's emerging entrepreneur business portfolio and declining capital cushions, impacting profitability. Over the past year, the stock has dropped 25.6%, contrasting with the BSE Sensex's rise of 26.8%.

Bandhan Bank Shows Growth Potential Despite Challenges - 02 Oct, 2024

Bandhan Bank, with a market cap of ₹314.59 billion, is trading slightly below its fair value. Despite a high bad loan ratio of 3.8%, earnings are projected to grow at 23.6% annually over the next three years, surpassing market growth. Recent GST regulatory issues have had minimal impact on operations.

ICRA Downgrades Bandhan Bank's Long-Term Rating - 01 Oct, 2024

ICRA has downgraded Bandhan Bank's long-term rating to AA- due to sustained weakness in its emerging entrepreneur business portfolio, impacting profitability and capital cushions. The outlook is revised to stable.

Canara Bank Replaces Bandhan Bank in Index - 27 Sep, 2024

Canara Bank is set to replace Bandhan Bank in the Bank Nifty index during the September 2024 rejig, impacting Bandhan Bank's market position.

Bandhan Life Partners with Bandhan Bank for Insurance - 26 Sep, 2024

Bandhan Life Insurance has formed a strategic partnership with Bandhan Bank to distribute life insurance products through its extensive branch network, aiming for Rs 300 crore in new premiums in the first year.

Bandhan Bank Shares Decline After Executive Resignation - 25 Sep, 2024

Bandhan Bank's shares declined following the resignation of Chief Audit Executive Ravi Lahoti, who will leave the bank on December 21, 2024, to pursue other opportunities.

Bandhan Bank Chief Audit Executive Resigns - 24 Sep, 2024

Ravi Lahoti, Chief Audit Executive of Bandhan Bank, has resigned to pursue other opportunities. He will remain until December 21, 2024, after five years with the bank.

Bandhan Bank Raises FD Rates to 8.55% - 18 Sep, 2024

Bandhan Bank has raised its fixed deposit interest rates to 8.55% for one-year deposits, aiming to attract more depositors amid competitive market conditions.

Bandhan Bank Announces FD Rates and CEO Search Progress - 16 Sep, 2024

On September 16, 2024, Bandhan Bank revealed competitive fixed deposit interest rates, including 8.05% for general customers and 8.55% for seniors. Additionally, the search for a new CEO is nearing completion, with Swarup Kumar Saha as a top candidate.