Bandhan Bank Share price

Motilal Oswal said it remains watchful of Bandhan Bank's asset quality and high SMA book, which can keep credit cost elevated.

TRENDING However, timing this recovery has not been easy," it said. Motilal Oswal has cut its FY23 EPS earnings estimate by 18 per cent and FY24 estimate by 11 per cent. "We cut target multiple sharply to 1.8 times from 2.2 times to reflect the high frequency of weak business cycles. The management has raised its credit cost guidance for FY23 to 3 per cent from 2.5 per cent earlier and guided at lower than trend growth due to tighter underwriting. Analysts noted that slippage for Bandhan Bank were at an all-time high of 21 per cent.

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 39464.26 Crore).

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Analysts at domestic brokerage firm Motilal Oswal Financial Services have cut their FY23/FY24 earnings estimate by 18/11 percent. They have a neutral rating on ...

Meanwhile, Credit Suisse has trimmed target price on the stock to Rs 330 from Rs 360. NIM will remain between 7.5-8 percent and will normalise in the next two quarters.” Net interest margin (NIM) slipped 100 basis points quarter-on-quarter to seven percent from eight percent. The share touched its 52 week high of Rs 349.50 and 52 week low of Rs 229.65 on 17 May 2022 and 27 December 2021 respectively. Some of the slippages will continue in the coming quarters. It is now trading 29.91 percent below its 52 week high and 6.66 percent above its 52 week low.

Bandhan Bank made ₹1280 crore provisions in the September quarter, which was nearly double of the previous quarter but down 77.2% YoY.

Total number of ATMs stood at 432, against 487 as on September 30, 2021. The network consists of 1,190 branches and 4,456 banking units, compared with 1,168 branches and 4,450 banking units as on September 30, 2021. Total advances grew by 17.4% to ₹95,834.9 crore as on September 30, 2022, against ₹ 81,661.2 crore in the corresponding period last year. On the quarter-on-quarter (QoQ), the NII declined 12.8% from ₹1,935.4 in June quarter. Sequentially, the profit dropped 76.4% from ₹886.5 crore in June quarter of this fiscal (Q1 FY23). At the end of the September quarter, Bandhan Bank’s total banking outlets stood at 5,646. The banking stock plunged to ₹240.2 apiece, touching its lowest level in the calendar year 2022 (CY22), weighed down by strong volume trade. In the first two hours of trade so far, the largecap stock declined as much as 9.4% to ₹240.2, while market capitalisation (m-cap) dropped to 38,853 crore. Gross non-performing assets (NPA) improved to 7.19% against 10.8% in the year-ago period and 7.25% on quarter-on-quarter (QoQ). The private sector lender has delivered a negative return of 16.5% to its shareholders in the past one year. It hit a 52-week high of ₹349.50 on May 17, 2022. Extending losses for the second straight session, Bandhan Bank shares opened a tad lower at ₹262, against the previous closing price of ₹265.20 on the Bombay Stock Exchange (BSE).

In intraday trading on Monday, Bandhan Bank shares fell 10% and touched a 10-month low of Rs244.55 per share after the private sector lender disclosed a subpar ...

Data does not seem to convincingly prove that short periods of high returns are always followed by meagre returns. You can have prolonged periods of time, when sanity takes a back seat and excesses happen. Oct 31, 2022

By Malvika Gurung. Investing.com -- Shares of the private lender Bandhan Bank (NS: BANH ) plunged 10% and were trading 9.74% lower at Rs 239.15 apiece at ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Its net interest margins fell 100 basis points QoQ to 7%. [Nifty50 ](/indices/s-p-cnx-nifty)and [Sensex ](/indices/sensex)traded up to 1.15% higher while writing, and was the worst performer on the sectoral indices [Nifty Bank ](/indices/bank-nifty)and [Nifty Private Bank ](/indices/nifty-private-bank). The Kolkata-based lender’s net profit in Q2 FY23 stood at Rs 209.3 crore, tumbling 77% sequentially and compared to a Rs 3,009 crore loss in the year-ago period.

Bandhan Bank on Friday reported a net profit of Rs 209.3 crore for the second quarter that ended September 30, 2022, far below the analysts expectations. In the ...

The SMA-2 category is designed to mitigate the problem of bad loans for tenures between 61 days and 90 days. The Kolkata-headquartered bank had posted a net loss of Rs 3,008.60 crore in the same quarter a year ago due to higher provisioning. The net interest margin for the lender stood at 7 percent for the reported quarter. The special mention accounts (SMA) in category 1 and 2 pools changed marginally. NIM will remain between 7.5-8 percent and will normalise in the next two quarters.” Shares of Bandhan Bank plunged over nine percent on Monday after the private lender posted weak results for the September quarter on the back of a jump in slippages.

Bandhan bank share price: On NSE, Bandhan Bank share closed at Rs 239.40 per share which was 9.78 per cent lower Get more Markets News and Business News on ...

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Bandhan Bank on Friday reported a net profit of Rs 209 crore for the September quarter as against a Rs 3009 crore loss in the year-ago period, ...

The bank wrote off a total of around Rs 5,700 crore of delinquent loans in two phases after the pandemic. Consequently, the share of unsecured microloans fell to 40% of total loans from 57% earlier. “For an expected RoE of 22-23% over FY24-25E, the current valuations (1.8x FY24E ABV) seem reasonable. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Net interest income rose 13.3% to Rs 2,193 crore. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The latest write-offs are entirely from the microfinance books, leading the loan portfolio to shrink to Rs 53,920 crore at the end of September from Rs 58,100 crore three months prior to that. Write-offs of ageing bad loans to the tune of Rs 3,535 crore also impacted the NIM adversely in the quarter under review. The bank made Rs 1,280 crore provisions in the September quarter against Rs 5,614 crore in the year-ago period. Bandhan Bank on Friday reported a net profit of Rs 209 crore for the September quarter as against a Rs 3,009 crore loss in the year-ago period, owing to a sharp fall in provisions and a rise in net interest income. The bank's net interest margin fell to 7% against 7.6% in the comparable quarter last year, due to Rs 298 crore of interest rate reversal on the restructured accounts, which slipped into sticky loans. The latest quarter's provisions were, however, double of that made in the preceding quarter, which led to a 76.4% fall in net profit sequentially.

सोमवार सुबह 10 बजे से पहले की बात करें तो तब बंधन बैंक का शेयर 20.25 रुपये व 7.64 प्रतिशत की ...

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