Bandhan Bank stock price surges 12% on healthy June quarter earnings

Shares of Bandhan Bank surged over 13 per cent in morning trade on Monday after the private sector firm posted a 47 per cent jump in its net profit to Rs 1,063 crore for the June 2024 quarter due to a decline in bad loans.

The stock soared 11.97 per cent to Rs 215.50 on the BSE. At the NSE, it jumped 13.35 per cent to Rs 218.20.The lender had earned a net profit of Rs 721 crore in the year-ago period.

Shares of ICICI Bank climbed nearly 3 per cent on Monday morning trade after the company posted a nearly 10 per cent increase in consolidated net profit for the June quarter.