Bandhan Bank Ltd. has posted decent results on the operating front however asset quality performance and outlook has raised some concerns that calls for cautious approach. Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Economic; Earnings; U.S. markets open. Net profit fell 13.5% year-on-year to Rs 632.6 crore in the quarter ended December, according to the private lender’s exchange filing. Place Order. The stock is quoting at Rs 403.55, up 1.13percent on the day as on 12:49 IST on the NSE. The stock is up for the second straight day. A total of 678,994 shares changed hands on the counter till 01:03PM (IST). It operates through the following segments: Treasury, Retail Banking, Corporate and Wholesale Banking, and Other Banking Business. Bandhan Bank's News and Announcements. Sponsored by. Among India's two dozen life insurance firm, DHFL Pramerica, Future Generali India Life Insurance and Reliance Nippon's promoters' stake sale plans are already in the public domain. Bandhan Bank’s shares plunged 10.5% to 308.8 rupees in Mumbai after the transaction, its biggest loss since March 30. The shares of Bandhan Bank touched an intra-day high of Rs 409.45 on the BSE on the back of the news development. Economy & Business. George Goodman's tips to win the game of investing, Bitcoin tops $16,000-mark! BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. Bandhan Bank reported a 23% year-on-year loan growth. It's easy to record your screen and livestream. Please try after some time. On Friday, shares of Bandhan Bank closed 7.5% down at Rs 314.95, falling 13% in the past two trading days, after the lender reported a weak set of numbers for the December-ended quarter. Bandhan Bank EPS has decreased to Rs. HDFC Securities' top 10 stock picks for 2021 are: Bandhan Bank, Birla Corporation, GAIL, HPCL, HUL, Infosys, Nippon AMC, ONGC, SBI and Sun Pharma. Liquidity coverage ratio was at comfortable 157% as against the current regulatory stipulation of 90%, the bank said. The Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the year ago period. Bandhan Bank on Thursday reported 13.5 per cent decline in net profit at Rs 632.6 crore for the third quarter ended December 31, 2020. Bandhan Bank News: This is the News-site for the company Bandhan Bank on Markets Insider. Get latest Bandhan Bank News/Updates and Results/Analysis. Pursuant to Regulation 23(9) of SEBI LODR, we hereby submit the disclosure on Related Party Transactions of the Bank for the half year ended September 30, 2020, in the format prescribed under relevant Accounting Standards. Explore Bandhan Bank photos, videos, खबरें और समाचार on India.com 31,138.91. All; News; Photos; Videos; India Needs More Global Sized Banks to Help Country Achieve $5 Trillion Economy: CEA. The bank said it has made additional Covid-related provision of Rs 2100 crore covering 2.8% of its portfolio, and it might not need to top it up substantially going forward if the current repayment trend continues, bank chief executive Chandra Shekhar Ghosh told ET. Bandhan Bank Ltd gained for a third straight session today. More IIFL View . For reprint rights: Times Syndication Service, Stock Analysis, IPO, Mutual Funds, Bonds & More. Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 60903.57 Crore). MOTN poll: 20% say Modi govt's handling of economy during pandemic was outstanding. It operates through the following segments: Treasury, Retail Banking, Corporate and Wholesale Banking, and Other Banking Business. Bandhan Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/01/2021 ,inter alia, to consider and approve This is to inform that the Meeting of the Board of Directors of the Bank will be held on Thursday, January 21, 2021 at Kolkata, inter-alia, to consider and approve the Unaudited Financial Results of the Bank for the Quarter (Q3) and nine months ended December 31, 2020. BFSI News; Latest BFSI News; Bandhan bank; Bandhan Bank. Nifty bank rallies 1.95%; Bandhan bank leads rise. Top News. Updated: 07 Jan 2021, 11:17 AM IST Aparna Iyer. The Treasury segment includes investments in sovereign securities and trading operations and central funding unit. We cover the latest Bandhan Bank headlines and breaking news impacting Bandhan Bank stock performance. Markets Insider. Connection to application lost. Breaking News. Get latest Bandhan Bank News in Hindi, updates and stories. Chandra Shekhar Ghosh, founder and CEO, Bandhan Bank. Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Nomination and Remuneration Committee of the Bank, has on November 30, 2020, granted 61,71,997 equity stock options of the face value of Rs. S&P 500 +0.03% +1.13. IIFL View. Bihar: Dacoits loot Rs 17 lakh from Bandhan bank in Muzaffarpur, vendor shot at while fleeing ; Bihar: Dacoits loot Rs 17 lakh from Bandhan bank in … Real Estate News; Latest Real Estate News; Bandhan bank; Bandhan Bank. Bandhan Bank Ltd. has posted decent results on the operating front however asset quality performance and outlook has raised some concerns that calls for cautious approach.With key states like Assam witnessing some stress due to Micro Finance bill the behaviour of customer profile in this region would be monitorable in coming months.Collection efficiency in the emerging enterprise i.e. Bandhan Bank Ltd. engages in the provision of banking and financial services. The movement of bad loans in Bandhan Bank’s book during the third quarter has come as a surprise. For Bandhan Bank, 2021 is likely to be a turbulent year especially after the deterioration its loan book in the December quarter, said analysts. A + A-Bandhan Bank Q3 net profit down 13.5% at Rs632.6cr on higher provisioning Bandhan Bank … On Friday, shares of Bandhan Bank closed 7.5% down at Rs 314.95, falling 13% in the past two trading days, after the lender reported a weak set of numbers for the December-ended quarter. By Nachiket Kelkar January 21, 2021 20:58 IST. Business Insider. Collection efficiency in the emerging enterprise i.e. Photo: Mint Bandhan Bank Q3 result: Profit falls 14% at ₹ … Get today's Bandhan Bank stock news. Investment Checklist. Bandhan bank news Blogs, Comments and Archive News on Economictimes.com Planning a trip? Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 52796.30 Crore). Watch videos, top stories and articles on Bandhan Bank at moneycontrol.com. Bandhan Bank Ltd. (BANDHANBNK) - Latest News & Headlines. Watchlist. The Nifty Bank index was trading 0.69 per cent down at 28408.8. https://www.timesnownews.com/.../earnings-with-et-now-bandhan-bank/87229 News Business Powered by. Search. For that you must always consult an expert based on your individual needs. Bandhan Bank, which received $1.4 billion from investors including BlackRock Inc. and Singapore’s GIC Pte in August, aims to maintain a 4% return on assets by diversifying. Newspaper notice - Intimation of the date of Board Meeting to consider the Unaudited Financial Results of Bandhan Bank Limited for the Quarter and half-year ended September 30, 2020. 3,810.97. It plans to lend to less-risky sectors such as gold, as well as providing home and car loans. Bandhan Bank Ltd. engages in the provision of banking and financial services. The sale took place at a 9.3% discount to the previous closing price, according to deal terms seen by Bloomberg News. Get detailed Bandhan Bank stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. The bank had posted a net profit of Rs 731 crore for the same … Home. Bandhan Bank has registered a 13 per cent decline in net profit at Rs 633 crore for the quarter ended December 31, 2020, as against Rs 731 crore for … Bandhan Bank is the youngest bank in the industry, with a focus to build a youthful, enthusiastic and professional team determined to accomplish our vision aligned with our core values. Bandhan Bank's average collection efficiency has improved 92% at the end of September from 76% three months back, while it has seen its loan book grow 20% year-on-year. Stocks to watch: Bandhan Bank, Sobha, Lupin, Maruti Suzuki, CEAT, Wendt. The upcoming elections in Assam and West Bengal have further clouded the outlook given concerns over likely loan waivers, which will dent the asset quality of its microfinance loan book further. Portfolio. ET Bureau. 4.54 in December 2019. Bandhan Bank share price live updates on The Economic Times. Bandhan Bank shares have gained 84% since listing on 27 March while the S&P Bankex rose 13.55% during the same period. Breaking News. Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 48455.54 Crore). This is the second time that the RBI is acting against Bandhan for violation of shareholding norms. Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Economic; Earnings; U.S. markets open. You can switch off notifications anytime using browser settings. Get all latest & breaking news on Bandhan Bank. The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told . As on March 31, Bandhan Bank's total loan book stoodat Rs 71,825 crore, reflecting a 60 per cent year-on-yeargrowth. 31,138.91 . News. The contents of this section do not constitute investment advice. Bandhan Bank News: This is the News-site for the company Bandhan Bank on Markets Insider. DOW 30 +0.25% +78.44. The index was trading 1.52 per cent down at 23726.8. City News. The current tenure of Mr. Ghosh as the MD & CEO of the Bank would be expiring on July 09, 2021 and in terms of the RBI Circular dated March 31, 2020, application for re-appointment of MD & CEO shall be submitted atleast six months before the expiry of the term of office of the MD & CEO. 367 (Three Hundred Sixty-Seven Only) per option to eligible employees of the Bank. If one reads between the lines, there is stress developing due to COVID and local factors. Click on the attachment to read the full report: This report is authored by an external party. Bandhan Bank share; Redirecting to the full story in: 00:10 seconds. 10 each at the grant price of Rs. Will vaccine hesitancy fade away as more and more people take the shot? Apr 27, 2017, 16:30 PM IST The average of Bloomberg consensus 12-month price target implies an upside of 3%. Close. For more details, kindly Click here. Photo: Mint Bandhan Bank's collection efficiency hit in Assam as state passes micro-finance bill 2 min read. BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. Bandhan Bank’s net profit for the third quarter ended on December 31, 2020 fell by 13.5 per cent to Rs 623.6 crore, the private lender announced on Thursday. The shares of Bandhan Bank touched an intra-day high of Rs 409.45 on the BSE on the back of the news development. DOW 30 +0.25% +78.44. Bandhan Bank Ltd. BANDHANBNK. The bank … PTI. S&P 500 +0.03% +1.13. The index was trading 1.43 per cent up at 26139.65. Bandhan Bank said its loans and advances grew by 23 per cent YoY to Rs 80,255 crore during the third quarter of the current fiscal. Bandhan Bank branch in Mumbai. The bank had posted a net profit of Rs 731 crore for the same period of the previous fiscal year. Join our. The Treasury segment includes investments in sovereign securities and trading operations and central funding unit. We are always looking to hire self-motivated individuals who are passionate about their careers. Private sector lender Bandhan Bank on Thursday reported a net profit of Rs 1,111 crore for fiscal 2017 and announced that the small business segment will be its area of focus in the coming times. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Bandhan bank has been the winner with 4.71% growth, while HDFC bank, Axis bank, SBI, ICICI bank and IndusInd bank being the top losers, led by HDFC bank. Economy & Business. Microlender-turned-universal bank Bandhan Bank was the only one which showed a surge in loan book, which grew 23 per cent on an annual basis to Rs 80,255 crore, while in case of IndusInd Bank and IDFC First Bank, the growth has been marginal. The Nomination and Remuneration Committee of the Board of the Bank on January 11, 2021, has approved the allotment of 87,060 Equity Shares of face value of Rs. Bandhan Bank’s net profit for the third quarter ended on December 31, 2020 fell by 13.5 per cent to Rs 623.6 crore, the private lender announced on Thursday. MOTN poll: 54% respondents say 'love jihad' is a conspiracy to convert Hindu women to … Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 63770.00 Crore). Federal officials say wear a mask; Biden’s planned … Watch videos, top stories and articles on Bandhan Bank at moneycontrol.com. Logged Out. Here's a word of advice for investors, Inside the world's biggest vaccine factory, India's Serum Institute, Overcharged despite GST cut? The index was trading 2.75 per cent up at 25577.45. Planning a trip? Bandhan Bank wants to focus on housing finance. In addition to global sized banks, the chief economic adviser said India needs more banks. Monday, November 02, 2020, has approved the re-appointment of Mr. Chandra Shekhar Ghosh (DIN: 00342477) as the Managing Director & Chief Executive Officer (MD&CEO) of the Bank for a period of five years with effect from July 10, 2021, subject to approval of the Reserve Bank of India (RBI) and the Shareholders at the ensuing Annual General Meeting of the Bank. MOTN: Here are the achievements, failures of Modi govt . Bandhan Bank’s deviation from its track record (of resilience better than peers) due to state-specific events in its dominating geographies of Assam and West . Also get Bandhan Bank Share/Stock detailed Information on Bandhan Bank along with top stories and articles on Bandhan Bank. Photo: Mint Bandhan Bank shows resilience but risks to growth remain 1 min read. Bandhan Bank Recruitment 2021 – Bandhan Bank release the latest notification for the post of 50,358 Officer, Assistant and More Vacancy. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. 3.93 in December 2020 from Rs. The private sector lender reported a 3.6 times jump in provisions on year to Rs 1,068 crore in the December quarter. Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 66129.17 Crore). Also, find top stories and latest updates on Bandhan Bank . Private banks report healthy deposit accretions, sluggish advances growth in Q3. The S&P BSE BANKEX index is down 0.97% to quote at 36131.13. Analysts said the ongoing momentum in second-rung stocks is likely to continue in 2021. Bandhan Bank share; Trending On Google | 23-Jan-2021 09:46. Article ; Bandhan Bank shares fall over 7 pc PTI | New Delhi | Updated: 22-01-2021 16:42 IST | Created: 22-01-2021 16:42 IST. Private sector lender Bandhan Bank on Thursday reported a net profit of Rs 1,111 crore for fiscal 2017 and announced that the small business segment will be its area of focus in the coming times. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Switch to. Find the latest BANDHAN BANK LTD (BANDHANBNK.NS) stock quote, history, news and other vital information to help you with your stock trading and investing. Connection to application lost. Markets Insider. All; News; Announcements; Bandhan Bank Shares Fall To All-Time Low After RBI Bars It From Opening New Branches. Bandhan Bank reports Rs 1,111 crore net profit for FY17. 3,810.97. Bandhan bank news Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Of the 25 analysts tracking the company, 21 have a ‘buy’ rating and two each suggest a ‘hold’ and a ‘sell’. Allotment of Equity Shares of the Bandhan Bank Limited pursuant to Exercise of Options under Bandhan Bank Employee Stock Option Plan Series 1. Nifty bank sees a rally after bearing a heavy crash as opened at 22,195.05 on July 30 as compared to July 27, when it closed at 21848.75. 8.48 am | 7 Jan 2021 | Business Standard. The Nifty index was trading 0.82 per cent down at 28995.05. … Get today's Bandhan Bank stock news. Shares of Bandhan Bank gained as much as 4.1% on Friday to Rs 422 apiece. The holding company would fit well in our future endeavour," Bandhan founder Chandra Shekhar Ghosh told ET. 10/- each fully paid-up to eligible employees of the Bank upon exercise of the Options vested with them under the ESOP Series 1. Read latest news and live updates on Bandhan-bank including breaking news on Bandhan-bank,Bandhan-bank photos,Bandhan-bank videos and many more at cnbctv18.com. Bandhan Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/01/2021 ,inter alia, to consider and approve This is to inform that the Meeting of the Board of Directors of the Bank will be held on Thursday, January 21, 2021 at Kolkata, inter-alia, to consider and approve the Unaudited Financial Results of the Bank for the Quarter (Q3) and … Subscribe. It’s the opposition Congress which first promised waiver of loans taken from these institutions if the party is voted to power, with the incumbent Bharatiya Janata Party matching it. Trending Videos . Bandhan Bank strengthening network beyond east India. Microlender-turned-universal bank Bandhan Bank was the only one which showed a surge in loan book, which grew 23 per cent on an annual basis to Rs 80,255 crore, while in case of IndusInd Bank and IDFC First Bank, the growth has been marginal. "We as a group want to be a full-service institution and aim to provide customers financial products such as insurance and mutual funds, besides banking service. And local factors up at 26139.65 ; latest real Estate News ; photos ; videos India! The attachment to read the full story in bandhan bank news 00:10 seconds 8.48 AM | 7 2021. In Assam as state passes micro-finance bill 2 min read remain 1 min read due to COVID local... A market cap of Rs 731 crore for the post of 50,358 Officer, and. Ltd. engages in the December quarter subscribers an opportunity to expand their understanding of companies sectors. 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