INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Kolkata-based Bandhan Bank jumped nearly 3 per cent to hit its 52-week high of Rs 618 on BSE in Thursday's
session.
Shares of the company got traction after it reported on Wednesday a 47.5 per cent rise in its net profit for the June quarter to Rs
482 crore.
Net interest income (NII) went up 39 per cent to Rs 1,037 crore against Rs 743.48 crore in the year-ago period
PTI reported, quoting MD and CEO of Bandhan Bank Chandra Sekhar Ghosh, that the lender would complete three years of operations in August,
and continue to focus on micro-credit financing as it has been its forte.
Shares of the company were trading 2.14 per cent up at Rs 613
The BSE Sensex was 0.11 per cent up at 36,415 around that time.
Equity benchmarks were cautious amid mixed Asian cues
Rupee also weakened against the US dollar while oil prices rose in global markets.
Vedanta, Mahindra Mahindra and Bharti Airtel were among
the top gainers in the Sensex index
