Shares of Bandhan Bank slipped 2.8 per cent to Rs 499 on the BSE on Tuesday after the bank put up a weak December quarter (Q3FY20) show on sequential basis. The lender's net profit declined 25 per cent to Rs 731 crore from Rs 971.79 crore logged in the September quarter of the current fiscal (Q2FY20), along with a deteriorating asset quality.
The net profit, however, missed street estimates. Analysts at ICICI Securities, for instance, had pegged the bank's PAT at Rs 803.8 crore.
The gross non-performing assets (GNPA) came in at Rs 1,181.96 crore in the quarter under review,