Page 9 - Bandhan Bank

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

Bandhan Bank to buy mortgage provider Gruh Finance in share-swap deal

Shareholders of Gruh Finance will get 568 shares of Bandhan Bank for every 1,000 shares held.

Bandhan Bank, Gruh Finance decline on media reports suggesting their merger

Bandhan Bank has dipped 5 per cent to Rs 504, falling 7 per cent from its opening level on the BSE, while Gruh Finance slipped 4 per cent to Rs 307, declining 7 per cent from intra-day high level.

Bandhan Bank surges 19% in four days after RBI nod for opening new branches

The stock was trading higher for the fourth straight day, up 4% at Rs 556 on the BSE.

Bandhan Bank opens 5 new branches after RBI nod, plans 40 more by month end

With the 40 new ones, the count would be 978 by end-December. With Wednesday's development, it was 943

MFI sector may be hit over liquidity issues: Bandhan Bank CEO CS Ghosh

Ghosh also suggested that microfinance institutions (MFIs) should be cautious in expansion in the present market scenario

Its own business model, not RBI curb, caps Bandhan Bank's growth prospects

In the days ahead, the biggest challenge for Bandhan will be to find the right way to dilute promoter share

Bandhan Bank, Hindustan Aeronautics, Infibeam Avenues hit new lows

Shares of H G Infra Engineering, Indostar Capital Finance, Mas Financial Services, and Bharat Dynamics have hit their respective lowest level since listing.

Sebi exempts Bandhan Bank from 1-year lock-in period on promoter shares

Bandhan Bank's capital adequacy ratio is in excess of 30%, one of the highest in the industry