Bandhan Bank extends gain post Q2 business update; soars 14% in 1 week

The bank reported 20 per cent year on year (YoY) credit growth at Rs 76,724 crore for the quarter ended September 2020 (Q2FY21)

Shares of Bandhan Bank were trading higher for the fifth straight day, up 4 per cent at Rs 327 on the BSE in intra-day trade on Thursday, after the lender reported strong credit growth at 20 per cent year on year (YoY) to Rs 76,724 crore for the quarter ended September 2020 (Q2FY21).

In the past one week, the stock of the private sector lender has rallied 14 per cent, as compared to 4.4 per cent rise in the S&P BSE Sensex. At 10:43 am, it was trading 3 per cent higher at Rs 324, as against 1.3 per cent gain