Net Interest Income for the quarter grew by 2.6% to Rs 2,124.7 cr
Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31
A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares
Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period
Tata Motors on Wednesday said it has tied up with Bandhan Bank for retail finance for its range of passenger vehicles. As part of the tie-up, Bandhan Bank will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.5 per cent, the automaker said in a statement. The scheme will offer a maximum of 90 per cent financing on the total on-road cost of the vehicle, it added. Customers can also enjoy a benefit of special EMI options with a repayment tenor of up to seven years and the bank has also designed certain exclusive features like zero charges on foreclosure and part payment, Tata Motors said. "This partnership is a part of our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India to make ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding to the celebrations of this festive season," Tata Motors Passenger Vehicle Business Unit Vice President (Sales, Marketing & ...
The stock of Bandhan Bank has been underperforming the banking index and is still struggling below the resistance zone of moving averages
Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA
Even after seven years of operations, Bandhan's concentration on micro loans remains high
Stress in small business loans triggers action
The RBI's decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said
A reversal in stress in microfinance and housing loan segments is crucial to improve sentiment
The bank reported a loss net of Rs 3,009 crore in Q2FY22 on huge provisions of over Rs 4,600 crore for the bad loans and restructured advances
Lender had posted a net profit of Rs 920 crore in the second quarter ended September 2020
Shares of Bandhan Bank closed 2.36 per cent down at Rs 291.50 apiece on BSE.
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
Speaking at the sixth foundation day programme of the bank, Ghosh said the bank will also leverage machine learning and artificial intelligence.
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
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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
Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise