Even as asset quality seems stable, factors such as provision coverage ratio and loan book diversification need attention
Sequentially, net profit declined 24.79 per cent as it registered a profit of Rs 972 crore in Q2
The bank's performance, however, improved on a year-on-year basis due to low base effect. The net profit jumped 121 per cent YoY from Rs 331.26 crore logged in the same quarter last year (Q3FY19).
Becoming a bank has given us more strength, says Jana SFB MD & CEO Ajay Kanwal
Ghosh was commended for his deep knowledge of lending, having technology-focused lending operations and keeping the work force motivated
Chandra Shekhar Ghosh has turned a small microfinance NGO into a formidable private bank
The stock was trading at its lowest level since September 20, 2019.
The bank is expecting that a little less than 50% of its portfolio will be dominated by affordable housing loans in the next 3 to 5 years.
The jury said Ghosh, 59, deserved the award for the all-round performance of Bandhan Bank
The bank last week faced a Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rules
9.89% stake of the total share capital of Bandhan Bank has been alloted to HDFC Ltd
The private lender was supposed to bring down the shareholding of its non-operative financial holding company
The penalty has been imposed in exercise of powers vested in the RBI under the provisions of the Banking Regulation Act, 1949
Net interest margin has started to come off from the 10 per cent plus mark as proportion of lower-yield mortgages rise
Bandhan Bank announced the opening of 106 additional home loan distribution points
In the past two weeks, Bandhan Bank has outperformed the market by surging 33 per cent on run-up to inclusion in the MSCI Standard Index, effective October 15, 2019.
The share swap ratio for the amalgamation was fixed at 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
One estimate shows the MSCI inclusion could lead to ETF buying of nearly Rs 1,280 crore in Bandhan Bank.
Last week, Kolkata and Ahmedabad benches of National Company Law Tribunal (NCLT) approved the merger of Gruh Finance and Bandhan Bank
The 200-day moving average (DMA) is one of the important indicators to ascertain buy or sell trends.