Bandhan Bank shares slip after loan book, deposits fall in Q1:

bandhan-bank

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

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