Bandhan Bank: Private sector Bandhan Bank has registered a growth of 24.6 percent in business in the second quarter of the current financial year. The bank informed the stock markets that by the end of September 30, 2024, the total business reached Rs 2,73,163 crore, while in the previous same period it was Rs 2,19,712 crore. In this way the business of the bank has increased by 24.6 percent. The bank said that at the end of the current second quarter, the loans and advances of the bank were Rs 1,30,652 crore, while the deposit amount has reached Rs 1,42,511 crore. On Friday, the stock of the bank closed at Rs 186.99 with a decline of 1.07 percent.
RBL Bank: The bank has released business updates for the second quarter of FY 2025. The bank has said that during this period its total deposits have increased by 20 per cent year-on-year and 7 per cent on a quarterly basis to Rs 1.08 lakh crore. Advances increased by 15 per cent as compared to last year and 2 per cent as compared to June and reached Rs 89,786 crore. The liquidity coverage ratio has increased from 137 per cent in June and 142 per cent last year to 129 per cent. On Friday, the bank's stock closed at Rs 197.38 with a decline of 0.93 per cent.
IndusInd Bank: Net advances grew 13% year-on-year and 3% quarter-on-quarter to Rs 3.56 lakh crore. Deposits grew 15% year-on-year and 4% year-on-quarter to Rs 4.12 lakh crore. CASA ratio increased to 35.9% from 39.4% last year and 36.7% in the previous quarter. The bank's stock closed at Rs 1,388 on Friday, up 0.018%.
IDFC First Bank: The bank has released business updates for the second quarter of FY 2025. The bank has registered a growth of 32 per cent in deposits and 21 per cent in loan growth year-on-year. The bank said that it has recorded strong growth in key financial metrics for the quarter ended September 30, 2024. Loans and advances grew 21.3 per cent year-on-year, from Rs 1.83 lakh crore as of September 30, 2023 to Rs 2.22 lakh crore this year.
Federal Bank : The bank has said in the information sent to the stock market that Crisil Ratings has maintained the short term rating of the bank and has upgraded the rating of long term fixed deposits. The bank had informed about the upgrade of the rating after the market closed on Friday. The stock closed with limited gains on Friday.
Bank of Maharashtra: LIC has increased its stake in the public sector Bank of Maharashtra. With this increase, LIC's stake in Bank of Maharashtra has crossed 5 percent on 5 October 2024.
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