Bandhan Bank

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, an official said.

Gross non-performing asset (NPA) and net NPA ratios declined 435 bps and 135 bps to 6.46 per cent and 3.01 per cent, respectively, on a quarter on quarter (QoQ) basis.

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In the previous quarter, it had earned net profit worth Rs 859 crore

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent

The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.

The derivative analyst from HDFC Securities recommends buying Bandhan Bank April 360 Call and simultaneously selling 360 Call.

So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth

The deal will make Bandhan Financial Holdings the latest banking group foray into the Rs 38-trillion domestic mutual fund (MF) industry

In the past one month, Bandhan Bank has outperformed the market by surging 28 per cent as compared to 5.6 per cent rise in the S&P BSE Sensex

According to bulk deal data available with the BSE, Housing Development Finance Corporation (HDFC) sold a total of 4,96,32,349 shares, amounting to 3.08 per cent stake, of Bandhan Bank

At 09:15 am; 50.14 million equity shares representing 3.11 per cent of total equity of Bandhan Bank changed hands on the BSE, the exchange data shows.

The market-share drop is temporary in nature; it is a reflection of the interest rate, equity market, and the overall business environment

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Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium

The bank's total loan stood at Rs 1,01,359 crore during Q4 of FY22

The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96% at the end of FY 2021-22, against 93% in the preceding third quarter, the bank said in a statement on Tuesday

Focus on clean energy, infrastructure, agriculture, MSME, education, digital economy, hospitality and transportation logistics will help growth of the economy, MD&CEO Bandhan Bank said

Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup