Bandhan Bank surges 8% on improvement in asset quality in March quarter

Gross non-performing asset (NPA) and net NPA ratios declined 435 bps and 135 bps to 6.46 per cent and 3.01 per cent, respectively, on a quarter on quarter (QoQ) basis.

Shares of Bandhan Bank surged 8 per cent to Rs 342.70 on the BSE in Monday’s intra-day trade, on improvement in asset quality in the March quarter (Q4FY22), with gross non-performing asset (NPA) and net NPA ratios declining 435 bps and 135 bps to 6.46 per cent and 3.01 per cent, respectively, on a quarter on quarter (QoQ) basis. 

At 11:29 am; the stock of the private sector lender was trading 6 per cent higher at Rs 336.90, as compared to a 0.72 per cent rise in the S&P BSE Sensex. It had hit a 52-week high of Rs