Business Standard

Bandhan Bank dips 7% on disappointing September quarter results

The bank reported a loss net of Rs 3,009 crore in Q2FY22 on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances

Bandhan Bank
Premium

SI Reporter Mumbai
Shares of Bandhan Bank dipped 7 per cent to Rs 272.55 on the BSE in Monday’s intra-day trade after the bank reported net loss of Rs 3,009 crore in the second quarter ended September 2021 (Q2FY22) on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances. It had posted a net profit of Rs 920 crore in Q2FY21. The stock of private sector lender is trading close to its 52-week low of Rs 259.40 touched on August 25, 2021.

During the quarter, the bank has made accelerated provision on non-performing assets (NPA) accounts of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in