Bandhan Bank share price shed over 2 percent after the bank’s loan book and deposits declined in June quarter.
The Kolkata-based bank on July 15 said its loans and deposits have declined on a quarter-on-quarter (QoQ) basis in a business update to the stock exchanges.
Total loans and advances shrunk by 8 percent in June quarter to Rs 80,128 crore compared with Rs 87,043 crore in the March quarter.
Total deposits contracted by one percent on a QoQ basis to Rs 77,336 crore from Rs 77,972 crore, the bank said.
News Source:- Moneycontrol