The banking sector, comprising over 10,000 banks globally, plays a pivotal role in economic stability and growth. It offers services like savings, loans, and investments, facilitating financial transactions and capital allocation. The sector’s health is vital for economic development, influencing monetary policy and financial market stability.
Here are the bank stocks that jumped up to 12% after announcing the Q1FY25 results:-
Bandhan Bank Ltd
With a market capitalization of Rs 33,959.25 crore, the shares were trading at Rs 210.80 per share, increasing around 9.12 percent as compared to the previous closing price of Rs 192.45 apiece.
Today, the shares of the company have seen bullish movement after Bandhan Bank Ltd reported a 21 percent increase in Net interest income from Rs 2,490.62 crore in Q1FY24 to Rs 3,005 crore in Q1FY25 on a YoY basis, furthermore, Net interest income increased 5 percent on QoQ basic from Rs 2,866.27 crore in Q4FY24 to Rs 3,005 crore in Q1FY25.
Bandhan Bank Ltd’s net profit increased by 1,832 percent on a quarter-on-quarter basis from Rs 55 crores in Q4FY24 to Rs 1,063 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 47 percent from Rs.721 crores in Q1FY24 to Rs.1,063 crores in Q1FY25.
Bandhan Bank Limited (the Bank) is an Indian banking organization. The bank’s categories include Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business. The Treasury section involves investments in sovereign securities, trading operations, and a central financing unit.
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City Union Bank Ltd
With a market capitalization of Rs 12,706 crore, the shares were trading at Rs 172 per share, increasing around 7 percent as compared to the previous closing price of Rs 159.85 apiece.
Today, the shares of the company have seen bullish movement after City Union Bank Ltd reported a 4 percent increase in Net interest income from Rs 522.55 crore in Q1FY24 to Rs 545.17 crore in Q1FY25 on a YoY basis, furthermore, Net interest income increased 5 percent on QoQ basic from Rs 546.58 crore in Q4FY24 to Rs 545.17 crore in Q1FY25.
City Union Bank Ltd’s net profit increased by 4 percent on a quarter-on-quarter basis from Rs 254.82 crores in Q4FY24 to Rs 264.49 in Q1FY25. Further, on a year-on-year basis also net profit magnified by 16 percent from Rs.227.27 crores in Q1FY24 to Rs.264.49 crores in Q1FY25.
City Union Bank Limited offers modern technology and infrastructure, including ATMs, net banking, mobile banking, e-wallets, and social media banking for both personal and business banking customers.
Punjab National Bank
With a market capitalization of Rs 1.40 lakh crore, the shares were trading at Rs 128 per share, increasing around 7 percent as compared to the previous closing price of Rs 119.90 apiece.
Today, the shares of the company have seen bullish movement after Punjab National Bank Ltd reported a 10 percent increase in Net interest income from Rs 9,608.47 crore in Q1FY24 to Rs 10,608 crore in Q1FY25 on a YoY basis, furthermore, Net interest income increased 5 percent on QoQ basic from Rs 10,476 crore in Q4FY24 to Rs 10,608 crore in Q1FY25.
Punjab National Bank Ltd’s net profit increased by 19 percent on a quarter-on-quarter basis from Rs 3,100.88 crores in Q4FY24 to Rs 3,716.17 in Q1FY25. Further, on a year-on-year basis also net profit magnified by 206 percent from Rs.1,210.82 crores in Q1FY24 to Rs.3,716.17 crores in Q1FY25.
Punjab National Bank (the Bank) is an Indian bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Bank’s product areas include personal, business, international, and capital services.
Written by:- Abhishek Singh
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