Banking institution, Bandhan, extends geographical presence by launching 16 new branches.
Get a load of this! Bandhan Bank, the ever-expanding financial powerhouse, has just dropped a game changer: 16 new branches across five states. Here's the lowdown:
- Orissa: 7 fresh branches added
- Jharkhand: 3 branches to boost operations
- Bihar: 3 branches to serve more residents
- Andhra Pradesh: 2 branches for a stronger presence
- Chhattisgarh: 1 branch joining the ranks
These new additions have catapulted Bandhan Bank's branch count to a whopping 1730! 💪 Whether you're living in semi-urban areas or not, the bank's making sure they've got your back.
Now, let's talk about the bank's standout performance during Q3 FY2024-25:
- Revenue: 💸 Rs 11,002 crore, a 23% yoy growth
- Profit after tax (PAT): 💰 ₹2427 crore
- Deposits: 💰 Total of Rs 1.41 lakh crore, a 20% yoy growth
- Advances: 💰 Total of ₹1.32 lakh crore, a 14% yoy growth
When it comes to Bandhan Bank's history, you gotta appreciate the journey:- Founded in 2015- Started with 501 branches- Tripled the branch count to 1500 by 2023- Over 6000 mini-banking outlets nationwide- Approximately 3.4 crore customers and counting! 🏆
Stay tuned for the awaited Q4 results on April 30, 2025 – mark your calendars! Remember, this is Bandhan Bank's 10th operational year – age ain't nothing but a number for this finance powerhouse!
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[[Image of Bandhan Bank's logo]]
📊 Data insights:- Motilal Oswal tentatively projects a 56.4% yoy decline in net profit to ₹829 crore based on earlier projections. Investors should await the official results for exact figures.- April 29, 2025, shares trade at ₹172.10, with a 1-year range of ₹128.16–222.31 and a market cap of ₹26,654 crore.- As of Mar 2024, promoters held a steady 39.98% stake, while FII, DII, and public holdings accounted for 31.19%, 12.43%, and 17.46%, respectively. As of Mar 2025, the percentages reflect a decline for FII and a rise for DII and public holdings.
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- Bandhan Bank, with its aggressive expansion, aims to bolster its presence further by establishing a new branch in Chhattisgarh, adding to the existing 1730 branches across India.
- The banking-and-insurance industry has witnessed Bandhan Bank's remarkable growth, with a significant 23% year-on-year (yoy) increase in revenue during Q3 FY2024-25, reaching Rs 11,002 crore.
- The Defi sector has not been left untouched by Bandhan Bank's influence, as they also managed to grow their deposits to a massive total of Rs 1.41 lakh crore (a 20% yoy growth) during the same time period.
- In the finance business, Bandhan Bank's profit after tax (PAT) soared to ₹2427 crore during Q3 FY2024-25, demonstrating the bank's financial stability and potential for future growth.
- The banking industry has seen Bandhan Bank's branch count escalate rapidly, reaching 1730 branches as of the latest expansion, setting the stage for additional growth in the coming years.
- The industry is eagerly anticipating Bandhan Bank's Q4 results, scheduled for release on April 30, 2025, as the bank celebrates its 10th operational year in the field of finance.
