News for Bandhan Bank Limited (BANDHANBNK.BO)

The Sensex fell 12.85 points to 74,102.32, while Nifty gained 37.60 points to close at 22,497.90. Realty stocks provided support, but IT and private banks dragged. Analysts cite easing valuations, lower crude prices, and upcoming inflation data as key market factors.

The largecap banking stock nosedived to a 5-year low of ₹649, the lowest level last seen in March 2020, while its m-cap slipped to ₹51,102 crore.

The Nifty Bank index closed 0.28 per cent up at 48743.8.

The NSE Nifty index closed 2.5 points down at 22545.05

The Nifty Realty index closed 2.09 per cent down at 809.35.

The Nifty Pharma index closed 0.24 per cent down at 20201.25.

The Nifty IT index closed 0.47 per cent down at 38946.65.

Indian benchmark indices Sensex and Nifty ended flat on Thursday. The Nifty traded within a narrow 100-point range as caution prevailed among investors on the monthly expiry of Nifty 50's derivatives contracts. Broader sentiment remained subdued and directionless amid mixed global cues.

Bajaj Finance share price: The central bank's decision to reduce risk weights on loans to NBFCs from 125% to 100%, effective April 1, is expected to enhance credit flow to the sector. This move reverses a measure introduced in November 2023, which had raised capital requirements for banks lending to NBFCs, thereby limiting credit availability.

The Nifty Pharma index was trading 0.61 per cent down at 20125.55.

The Nifty Bank index was trading 0.61 per cent up at 48902.95.

The Nifty IT index was trading 0.39 per cent down at 38978.4.

The Nifty Realty index was trading 0.76 per cent down at 820.4.

Bandhan Bank's MD and CEO joined the bank in November 2024, while the two Executive Directors in 2023 and 2024.  Its CFO, MFI business head and corporate banking head joined the lender in the past 12-24 months.

Bandhan Bank, UCO Bank, Natco Pharma, Ircon International Ltd, IRCTC, ACC, BEML, Titagarh Rail Systems and Tanla Platforms were among BSE MidSmallcap 400 companies hitting their 52-week lows today.

Jan 31, 2025 / 11:30AM GMTOperator Ladies and gentlemen, good day and welcome to Bandhan Bank Limited Q3 FY25 earnings conference call. (Operator Instructions)

Stocks including ONGC, Sun Pharma, IndusInd Bank, Nestle, Tata Power, Waaree Energies, IRB Infra, automobile shares and more will be in the spotlight on Saturday, February 01.

Bandhan Bank is slated to announce its financial statement for the Dec. 2024 quarter this week. The private sector released its Q3 business update earlier this month, posting a 15% year-on-year increase its loans and advances. Bandhan Bank's loans and advances in the quarter under review stood at Rs 1,33,285 crore in comparison to Rs 1,15,940 crore in the second quarter of last fiscal. Total deposits in Q3 grew 20% YoY to Rs 1,40,999 crore up from Rs 1,17,422 crore in the same quarter last year.

Bandhan Bank gains 1% after receiving Rs 289.59 crore claim payout under CGFMU scheme, stock ends at Rs 151.45.