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Bandhan Bank sinks 11% in 2 days on disappointing December quarter results

Bandhan Bank reported a sharp deterioration in asset quality trends with pro-forma gross non-performing assets (GNPA) ratio increasing to 7.1 per cent

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Buzzing stocks | Bandhan Bank | Markets

SI Reporter  |  Mumbai 



Bandhan Bank
MOSL maintains ‘neutral’ rating on Bandhan Bank on the back of rising asset quality concerns

Shares of tanked 6 per cent to Rs 321 on the BSE on Friday, down 11 per cent in the past two trading days, after the lender reported a weak set of numbers for the December quarter (Q3FY21). The private sector lender's net profit fell 13.5 per cent year-on-year (YoY) to Rs 633 crore as the bank took accelerated additional provision on standard assets amounting to Rs 1,000 crore on account of Covid-19.

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First Published: Fri, January 22 2021. 12:02 IST

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