Bandhan Bank Share Price
BANDHANBNK
Bandhan Bank Share Price Chart
About Bandhan Bank
Bandhan Bank Financials
Market cap ₹28,215 Crs | Open ₹175.31 | Close ₹175.14 |
Circuit range ₹192.65 - ₹157.62 | Day range ₹174.07 - ₹177.30 | Year range ₹167.30 - ₹263.10 |
Volume 22,27,070 | Avg. traded ₹175.14 | Revenue (12m) ₹20,890 Crs |
Bandhan Bank Limited is a leading private sector financial services provider. The Kolkata headquartered company was established as a microfinance institution in 2001. The bank, in its earlier form, was focused on providing loans to small traders and marginal businesses in Kolkata. The microfinance institution was established to help the traders to get rid of high-interest loans offered by money lenders. Later, it emerged into one of the largest players in the microfinance market.
It acquired a non-banking financial company (NBFC) in 2006 and established Bandhan Financial Services Private Limited. It became the largest microfinance institution (MFI) in India in 2010. Bandhan Bank started operations in 2015 after it became India’s first microfinance institution to get a universal banking licence.
In 2018, it emerged as the eighth most-valued bank in India based on market capitalisation on the day of its listing on stock exchanges. In 2019, Bandhan Bank acquired HDFC Limited's stake in GRUH Finance, a leading affordable housing finance company in India.
Bandhan Bank reached the milestones of ₹1.5 lakh crore and ₹2 lakh crore of total business in FY2021 and FY2022, respectively. The market capitalisation of Bandhan Bank stood at more than ₹40,000 crore as of December 19, 2023. Bandhan Bank share price has dropped more than 38% in the last three years.
Business operations
Bandhan Bank has a customer base of more than 3.17 crore. The bank offers its services through 6,238 banking outlets, including 1,411 branches, across India. Out of the total branches, 753 are in rural and semi-urban areas. It also operates 438 voice-enabled ATMs.
In recent years the private lender has made a successful transition to digital banking. Nearly 94% of its transactions by the end of FY23 were in digital mode. Bandhan Bank has also seen a surge in the use of UPI transactions, which touched 53 crore transactions in FY23.
The bank would prioritise intelligent automation as a key focus area in FY23. Its focus on artificial intelligence and business process management aims to enhance the scale and efficiency of its operations.
The bank also initiated the pilot phase of Neo+ Digital Savings Bank accounts. It has implemented 30,000 biometric-enabled tablets to ease account opening and customer onboarding processes.
Bandhan Bank has also launched initiatives focused on empowering entrepreneurship through group-based lending of micro-credit.
In FY 2022-23, the bank significantly expanded its distribution network and its workforce increased 16% to 69,702 compared to 60,211 in the previous financial year.
Bandhan Bank Financial Highlights
Total net revenue of the bank for FY 2022-23 stood at ₹11,728.17 crore, up 1.66% compared to ₹11,536.96 crore in FY 2021-22. Its profit after tax (PAT) for FY 2022-23 stood at ₹2,194.64 crore, a multi-fold growth compared to ₹126 crore in FY22. The profit before tax (PBT) stood at ₹2,892.98 crore in FY23 as against ₹128.62 crore compared to the previous fiscal. Net interest income (NII) surged in FY23 to ₹9,259.62, up 6.25% compared to FY22. Net interest margin decreased in FY23 to 7.2% from 8.2% in FY22. The bank's earnings per share (EPS) increased from ₹0.78 in FY 2021-22 to ₹13.62 in FY 2022-23.
Bandhan Bank Key indicators
52 week high ₹263.10 | 52 week low ₹167.30 | P/E ratio 10.12 |
P/B ratio 1.23 | ROE 10.84% | ROCE 10.3% |
Dividend yield 0.83% | Debt/Equity ratio 0.76 | EPS 13.84 |
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Analyst ratings:
Analyst ratings:
63%
Hold
22%
Sell
15%
This analysis is based on the reviews of 27 experts in the last 7 days
Bandhan Bank Fundamentals
Bandhan Bank Financial Ratios
Net Interest Margin (NIM)6.2% | ROA1.34% |
Credit Deposit89.6% | ROE10.84% |
Net profit margin11.82% | EPS13.84 |
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Bandhan Bank Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Mon, Nov 11 2024 | ₹177.25 | ₹175.14 | -1.43% |
Fri, Nov 8 2024 | ₹181.40 | ₹177.68 | -2.05% |
Thu, Nov 7 2024 | ₹183.24 | ₹181.40 | -1.00% |
Wed, Nov 6 2024 | ₹183.50 | ₹183.23 | |
Tue, Nov 5 2024 | ₹180.00 | ₹181.27 | |
Mon, Nov 4 2024 | ₹183.50 | ₹180.18 | -1.89% |
Fri, Nov 1 2024 | ₹184.45 | ₹183.65 | |
Thu, Oct 31 2024 | ₹179.60 | ₹182.21 |
Events
Corporate actions
Dividend • ₹1.5/share
Ex date 13 Aug 2024
Dividend • ₹1.5/share
Ex date 11 Aug 2023
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