Business Standard

Bandhan Bank stock weighed down by weak sentiment; worst may be priced in

The guidance is for overall 20 per cent growth in 2022-23

bandhan bank
Premium

Bandhan Bank hopes to recover Rs 2,500 crore from the Credit Guarantee Fund for Micro Units with the first tranche by October 2022.

Devangshu Datta
Bandhan Bank suffered downgrades following a disappointing first quarter of the 2022-23 financial year (Q1FY23). Floods in Assam affected the bank which has a lot of exposure in the state. The gross non-performing assets (NPA) trends was poor and so was the SMA-2 (special mention accounts category-2) trend of accounts (where loan payments are overdue by between 61-90 days). The credit cost guidance has risen. Declassification of certain priority sector loans (PSL) has also adversely affected the bank. But there has been growth, for example, in the mortgage segment, and increasing investment is likely. 

Loans qualifying as PSL dropped to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 29 2022 | 9:16 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com