Bandhan Bank shares gave up early gains in volatile trading on Monday, continuing to fall for the fifth session in a row. On Friday, the Kolkata-headquartered lender reported a 21.4 percent year-on-year rise in total loans and advances to Rs 1,30,652 crore while its total cash flow rose 27.2 percent to Rs 1,42,511 crore, as of September 30.
The lender said its CASA deposits stood at Rs 47,284 crore, up 9.5 percent from the year-ago period, while its retail deposits (including CASA) grew 16.4 percent to Rs 96,603 crore.
Shares of Bandhan Bank fell as much as Rs 4.2, or 2.2 percent, to Rs 182.7 apiece on the BSE, retreating after rising as high as Rs 192.3 apiece in the first few hours of trading.
At 2:40 pm, the stock of Bandhan Bank was down 1.5 percent on the day at Rs 184.2 apiece in the trade, where it will end lower for the sixth consecutive session.
Bandhan Bank is yet to announce the date it will release its financial results for the July-September quarter.
The review of its business comes at a time when investors are awaiting the start of a new earnings season on Dalal Street.
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For the quarter ended June 30, Bandhan Bank reported a net profit of Rs 1,063.5 crore as against a net profit of Rs 721.05 crore in the corresponding period last year. Interest income, a key measure of income for financial institutions, grew 20.7 percent to Rs 3,005 crore, according to an official filing.
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