Page 9 - Bandhan Bank

Bandhan Bank suffers Rs 3,008 cr Q2 loss on higher stressed loan provisions

Lender had posted a net profit of Rs 920 crore in the second quarter ended September 2020

Bandhan Bank reports net loss of Rs 3,008 cr in Q2 on higher provisioning

Shares of Bandhan Bank closed 2.36 per cent down at Rs 291.50 apiece on BSE.

Bandhan Bank trading at 11-month low, down 10% in a week

The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday

Bandhan Bank to invest in digital capabilities as a part of Vision 2025

Speaking at the sixth foundation day programme of the bank, Ghosh said the bank will also leverage machine learning and artificial intelligence.

Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks

Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants

Top headlines: Sun Pharma posts profit in Q1; Bandhan Bank Q1 net falls 32%

Business Standard brings you the top headlines on Friday

Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor

State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30

Ajit Mishra suggests going short on Bandhan Bank, Escorts; here's why

Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise

Sensex gyrates 294 pts, ends 19 pts down; Nifty holds 15,900; IT, banks dip

The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each

Stocks to watch: Wipro, L&T Infotech, Sona Comstar, Bandhan Bank, HDFC AMC

Pidilite Industries announced the appointment of Sudhanshu Vats as the company's deputy managing director

Bandhan Bank up 7% as Assam govt inks pact with MFIs for stressed borrowers

Brokerage firm ICICI Securities opines that this is positive for micro lenders and especially Bandhan Bank as recoveries are now assured by the state

Stuck with Vodafone, SpiceJet? Trading strategies for top losers of 2021

Among individual stocks, a total of 140 of the BSE500 stocks have given negative return so far in CY2021

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

Stocks to watch: Avenue Supermarts, Bandhan Bank, Hero Moto, UltraTech

The National Company Law Tribunal has initiated insolvency proceedings against construction firm Ahluwalia Contracts India for defaulting on payments to an operational creditor

Economy may rebound by Q4 of FY22: Bandhan Bank's Chandra Shekhar Ghosh

Bandhan Bank MD & CEO Chandra Shekhar Ghosh is hopeful that the economy will rebound by the third and fourth quarters of the current fiscal, enabling the lender to meet its targets. He said the bank had exercised caution amid the COVID-19 pandemic and made additional provisioning in the last quarter of 2020-21. "We remain cautiously optimistic for the current fiscal as we have made additional provisioning as safeguard. The second wave of Covid pain is expected to subside in the next two-three months, and this time people are better geared than the first wave that took everyone by surprise. "The worst seems to be over, and the economy will rebound by the time major lending business happens in Q3 and Q4, to meet our targets," Ghosh told PTI. On NPAs, he said the numbers will come down with time as borrowers are aware about missing repayments amid the pandemic scenario. "I recently went to an area where NPAs are high, and people acknowledged Bandhan's role in developmen

Bandhan Bank's Q4 net profit declines 80% due to higher provisioning

Provisions of the lender nearly doubled to 1,594 cr in Q4FY21 as compared to Rs 827 cr in Q4FY20

Bandhan Bank Q4 net profit tumbles 80% to Rs 103 cr on higher provisions

Provisions and contingencies spiked by 93% to Rs 1,594 crin Q4FY21 as compared with Rs 827 cr in Q4FY20

Digital banking can mask risks, say CROs at Business Standard webinar

Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions

Bandhan Bank gains 4% as loan growth jumps 21% YoY in March quarter

The private lender, on Monday, reported a 21 per cent yearly growth in loans and advances to Rs 87,054 crore as of March 31, 2021 from Rs 71,846 crore as on March 31, 2020.

Stocks to watch: TCS, Yes Bank, Bandhan Bank, Hindustan Copper, NBCC

The board of Muthoot Finance approved payment of an interim dividend of Rs 20 per equity share