Bandhan Bank rises on the bourses

Bandhan Bank is currently trading at Rs. 470.40, up by 4.75 points or 1.02% from its previous closing of Rs. 465.65 on the BSE.

The scrip opened at Rs. 460.45 and has touched a high and low of Rs. 475.00 and Rs. 456.10 respectively. So far 14667 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 741.00 on 09-Aug-2018 and a 52 week low of Rs. 369.15 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 456.10 respectively. The current market cap of the company is Rs. 56314.56 crore.

The promoters holding in the company stood at 82.26%, while Institutions and Non-Institutions held 15.74% and 2.00% respectively.

Bandhan Bank is planning to open 187 new branches by the end of the FY20, taking the total number to 1,187. The Bank’s board has approved 200 new branches in the current fiscal, out of which 13 had already been opened. The Bank will also open 340 doorstep service centers by FY20.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking license by Reserve Bank of India in 2014.

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