InvestorQ : How do you see the Bandhan Bank stock after its latest quarter results?
Crowny Pinto made post

How do you see the Bandhan Bank stock after its latest quarter results?

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8 months ago
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Bandhan reported 20.5% fall in net profits to Rs.517 crore for the Mar-20 quarter due to additional provisions on account of COVID-19. In the March quarter, Bandhan Bank took additional provisions of Rs.690 crore on account of COVID-19. As a result, provisions were higher 440% at Rs.827 for the Mar-20 quarter. Bandhan reported net interest income (NII) at Rs.1680 crore (higher by 33.6%). Overall business including deposits and loans also recorded healthy growth during the quarter. Gross non-performing assets (NPA) were down by 45 basis points at 1.48% while net NPAs were also lower at 0.58%. However, there is still lack of clarity on the challenges in the Easter and North-eastern sectors.

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