Alert For Bank Stock Watchers! Bandhan Bank Sets Record Date For Upcoming Dividend; Are You Buying?

Founded in 2015, Bandhan Bank is an Indian private sector bank with its main office located in Kolkata. The announcement of the record date for Bandhan Bank's upcoming dividend distribution by the board of directors prompts traders who are searching for dividend-paying banking stocks to become more watchful. Bandhan Bank's shares, which are part of the BSE 500 index, wrapped up Monday, June 30th, 2.32% higher on the BSE at Rs 189.85 per share, with a market capitalization of Rs 30,584.29 Cr.

Bandhan Bank Dividend

"The Board has also recommended Dividend of Rs. 1.50 (Rupee One and Fifty Paisa Only), per equity share having face value of Rs. 10 each (i.e., 15%), from the profits of the Bank for the Financial Year ended March 31, 2025, for the approval of Shareholders of the Bank at the ensuing Annual General Meeting ('AGM'). The Dividend on equity shares will be paid/dispatched after the same is approved by the Shareholders at the ensuing AGM," said Bandhan Bank in a stock exchange filing.

Bandhan Bank Dividend Record Date

"Please be further informed that the 11th AGM of the Members of the Bank will be held on Thursday, August 21, 2025, at 11:00 a.m. (IST), through Video-Conferencing ('VC') / Other Audio-Visual Means ('OAVM'), in compliance with the relevant provisions of the Companies Act, 2013 and the Rules made thereunder, read with relevant circulars issued in this regard, by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (collectively, referred as 'the relevant Circulars'). The Record Date for the purpose of Dividend has been fixed as Thursday, August 14, 2025. The Dividend, if declared by the Members in the ensuing AGM, will be paid to the eligible Members of the Bank within 30 days of the date of its declaration," Bandhan Bank said in a regulatory filing.

Bandhan Bank News

In a note dated June 30, 2025, Dr. A S Ramasastri (DIN: 06916673), an Independent Director of the bank, announced that he planned to step down as an Independent Director of the bank, effective today, June 30, 2025, due to personal reasons.

Bandhan Bank Share Price Target

"Bandhan Bank is trading near a crucial resistance zone at ₹195. A breakout above this level could push the stock toward ₹205-₹210. Support lies at ₹182. The structure shows early signs of strength, but confirmation will come on a move above ₹195. Until then, expect range-bound action with a positive bias. Buy above ₹195 for momentum," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.