Bandhan Bank’s shares surged following a positive business update, with loans and advances growing 10% year-on-year to Rs 1.45 lakh crore. While total deposits saw an 11.1% increase, a slight quarter-on-quarter dip and a declining CASA ratio were noted. Improved asset quality, with collection efficiency at 98.1%, provided investor comfort.
Concerns settled, share buybacks could flow via exchanges again
Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier