Bandhan Bank jumps 13% post Q1FY21 biz update; Analysts maintain 'buy'

Shares of Bandhan Bank jumped as much as 12.6 per cent to Rs 401.95 on the BSE on Tuesday after the bank reported healthy loan and deposit growth in the April-June quarter on a yearly basis despite nationwide Covid-19-induced lockdown.

The Kolkata-headquartered bank saw its deposits growing 35 per cent year-on-year (YoY) to Rs 60,602 crore at the end of Q1FY21, compared to Rs 44,796 crore in Q1FY20. Sequentially, deposits grew 6 per cent from Rs 57,082 crore seen in Q4FY20. 

Meanwhile, loans and advances grew 18 per cent YoY to Rs 74,325 crore in Q1FY21 as against Rs 63,164