Bandhan Bank dips 4%, hits over 6-month low on weak March quarter results

The stock was trading at its lowest level since October 30, 2020, having corrected 34 per cent from its 52-week high level of Rs 430.25

Shares of Bandhan Bank hit an over six-month low of Rs 285.90, down 4 per cent on the BSE in intra-day trade on Monday after the bank reported a weak set of numbers for the quarter ended March 2021 (Q4FY21), with high provisioning and interest reversals hurting profitability. The stock was trading at its lowest level since October 30, 2020. It has corrected 34 per cent from its 52-week high level of Rs 430.25 touched on December 11, 2020.

In Q4FY21, the profit after tax (PAT) of the lender fell to Rs 103 crore compared with Rs 517.3 crore in