Page 15 - Bandhan Bank

Bandhan Bank: A bottom fishing opportunity for long-term investors

Currently the stock is trading 18 per cent lower than its average one-year forward valuation, while return ratios are likely to remain strong

Bandhan Bank to focus on affordable housing post takeover of Gruh Finance

Lender bets on MSME sector as well, starts co-branded credit card with Stan Chart

Bandhan Bank profit rises 45%; seeks to open 187 branches this year

Bandhan Bank's board has approved opening 187 more branches and 340 doorstep service centres this year

Bandhan Bank slips 4% post Q1 nos; PAT up 45% to Rs 701 cr, NII grows 37%

Gross NPAs as on June 30, 2019 stood at 2.02 per cent against 2.04 per cent as on March 31, 2019 while Net NPAs stood at 0.56 per cent against 0.58 per cent in the previous quarter.

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Bandhan Bank to shift focus from large corporate loans to microfinance

At present, microfinance is 86% of Bandhan Bank's book

Bandhan Bank to stay away from corporate loans, focus more on micro-loans

The gross NPAs of Bandhan Bank at the end of Q4FY19 for the bank stood at 2.04%, against 1.25% in the same quarter a year ago

Bandhan Bank slashes interest rate on micro loans by 70 bps to 17.95%

The revised rate will be applicable to new disbursements from Tuesday, the bank said in a statement

Bandhan Bank shaping up well, Q4 profit up 68% at Rs 651 crore

Impressive net profit expansion helped by strong balance sheet growth is the key positive in Q4 results

Bandhan Bank's Q4 net profit up 68% at Rs 651 crore, NPAs stand at 2%

Net interest income (NII) of the bank rose 45.6 percent to Rs 1,258 crore against Rs 864 crore in the same period last year

Bandhan Bank to soon comply with 40% promoter stake rule: C S Ghosh

In January this year, Bandhan Bank announced its merger with Gruh Finance, which will reduce the promoters' stake to about 61 per cent from close to 82.3 per cent

Bandhan Bank-Gruh Finance merger to give a big push to affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan Financial Holding to 61% from 80%

Bandhan Bank gets RBI approval for acquisition of Gruh Finance

Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over in January by Kolkata-based Bandhan Bank in a share-swap deal

Bandhan Bank's proposed 14.9% stake to HDFC will test RBI 2016 guidelines

Gruh Finance, the affordable housing finance arm of HDFC, was taken over in January by Kolkata based Bandhan Bank in a share swap deal.

Merger with Gruh Finance will take a year: Bandhan Bank CEO C S Ghosh

We are present in affordable housing segment, but the scale is very small. To grow in this segment, we found value in Gruh, says Ghosh

ILF&S impact: Bandhan Bank sees provisions triple, NPAs spike in Q3

The lender posted a 10% rise in profit to Rs 331 crore in the December quarter

Rs 385-crore provision for IL&FS Group caps Bandhan Bank net growth at 10%

Private sector lender Bandhan Bank Thursday reported a hit in profit growth for the December quarter with a 10 percent uptick at Rs 331 crore due to the provision for its IL&FS exposure. The microlender-turned-bank set aside a whopping Rs 385 crore in provision for its exposure to the troubled infra financier, which dented its profit. The bank did not disclose what's its exposure to the crippled infra major, though. "We used to always take unsecured exposures. This was an experiment on a secured lending to a AAA-borrower which has gone bad," managing director and chief executive CS Ghosh told reporters here. Bandhan is the second lender in this earnings season to report a hit on the IL&FS exposure. Wednesday, larger peer Indusind Bank too had reported one of its worst quarters in year due to its Rs 3,000 exposure to the infra major with a 5 percent bottomline growth. Bandhan Bank, which took over the HDFC arm Gruh Finance in an all-stock deal earlier this week, ..

Bandhan Bank Q3 net climbs 10% YoY to Rs 331 crore; stock surges over 4%

Operating profit for the quarter increased by 56.8 per cent at Rs 900 crore against 1,574 crore in the corresponding quarter of the previous year, the company said in its press release.

'Semi-arranged match' may not fill all gaps for Bandhan Bank

The merger makes Bandhan susceptible to shocks in the housing market

Bandhan Bank buys Gruh Finance; promoter stake in bank to reduce to 61%

After the merger, HDFC will have about a 15 per cent stake in the Bandhan Bank, this is more than what RBI's rules permit investor to hold stake in bank