How much does HDFC own in Bandhan Bank?

Post-merger, HDFC Ltd will hold 15\% stake in the merged entity. Gruh Finance was incorporated on July 21, as subsidiary of Housing Finance Development Finance Corporation (HDFC).

What Happened in Bandhan Bank?

Bandhan Bank Q4 profit falls 80.1\% to Rs 103 crore as provisions spike. Profit in the financial year FY21 plunged 27.1 percent to Rs 2,205.5 crore as provisions shot up 180.4 percent YoY; but net interest income rose by 19.6 percent to Rs 7,563.4 crore compared to the previous year.

How strong is Bandhan Bank?

BANDHAN continues to report strong (36.6\% y-o-y/9.5\% q-o-q) deposit growth of ~Rs 780 bn, led by robust (~61\% y-o-y/~11\% q-o-q) growth in CASA deposits. The CASA ratio improved by ~50bp q-o-q to 43.4\%. The proportion of Retail deposits stood at 79\% v/s 81\% in Q3FY21 and 78\% in FY20.

What is the target of Bandhan Bank?

NSE -0.62 \% with a target price of Rs 441. The current market price of Bandhan Bank is Rs 330.95 Time period given by analyst is one year when Bandhan Bank Ltd.

Is Bandhan bank risky?

Bandhan Bank Fixed Deposit Rate It is considered to be a low-risk form of saving. The rewards are proportionately low as well when compared to investing in the stock market, for example, but the returns are free from volatility and fluctuation.

How strong is Bandhan bank?

Is Bandhan Bank going to merge?

Sudhin Choksey, aged 67 years, Head of the Housing Finance vertical of Bandhan Bank, would be retiring effective February 15, 2021. The acquisition of GRUH Finance by Bandhan Bank was announced in January 2019 and the merger was completed in October 2019.

How safe is Bandhan Bank?

Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, Bandhan Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.

Is Bandhan bank safe now?

Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Thus, Bandhan Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.