Bandhan Bank slips 6% on business update post Cyclone Amphan

The bank said Cyclone Amphan is likely to impact business worth Rs 260 crore.

Shares of Bandhan Bank slipped 6.5 per cent to Rs 197 on the BSE on Friday after the private sector lender said its services have been impacted in some areas of West Bengal and Odisha due to Amphan and the cyclone is likely to impact business worth Rs 260 crore. The stock has fallen 11 per cent in the past two trading days, as compared to a 0.4 per cent rise in the S&P BSE Sensex.

Cyclone Amphan struck five districts in southern West Bengal and northern coastal Odisha starting in the afternoon of May 20 and lasting till