Bandhan Bank Ltd. News and Updates

Name: Latest research reports of Bandhan Bank Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Bandhan Bank Ltd.
Rating: 5
Author: ICICI Securities Limited

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Bandhan Bank Ltd.

13 May 2020

159.34

-2.36%

Bandhan Bank

Buy: Bandhan Bank Ltd.

Target

ICICI Securities Limited

AUM growth of the merged entity was reported at 60.5% YoY to | 71846 crore (| 65456 crore in Q3FY19). Excluding Gruh Finance, loan growth was at ~20% YoY, a tad lower compared to the previous run rate. Healthy traction continued in micro finance segment (~64% of merged AUM) at 19.6% YoY to | 46189 crore while non-micro finance book growth came in at 22% YoY. Deposit accretion continued to remain healthy at 32% YoY to | 57082 crore as of FY20 and | 58030 crore as of April 30, 2020. Margin witnessed an uptick of ~20 bps QoQ to 8.1%. Growth in NII came at...

Bandhan Bank Ltd. is trading below all available SMAs

Bandhan Bank Ltd.

12 May 2020

159.34

-2.36%

Bandhan Bank's PBT rises 31% in Q4FY20, loses Rs 20K-cr loan growth

Business Standard

The net interest income (NII) of the bank for the quarter grew by about 34 per cent to Rs 1,680 crore, against Rs 1,258 crore in the corresponding quarter of the previous year

Bandhan Bank Ltd. has an average target of 191.43 from 7 brokers.

Bandhan Bank profit falls 21% on higher provisioning

Business Line | 12 May 2020 1 more

Bandhan Bank Ltd.

12 May 2020

159.34

-2.36%

Bandhan Bank Q4: Profit falls 20% to Rs 517 crore on additional COVID-19 provisions

Moneycontrol

The sequential growth in advances was 9.76 percent, the bank said, adding deposits increased by 32.04 percent YoY (up 3.96 percent QoQ) to Rs 57,802 crore as on March 2020.

Bandhan Bank Ltd. is trading below all available SMAs

Bandhan Bank Ltd.

12 May 2020

159.34

-2.36%

Liability franchise strong; Credit cost to stay elevated

Buy: Bandhan Bank Ltd.

Motilal Oswal

We remain watchful of asset quality and expect credit cost trends to remain elevated in the near term even though 4QFY20 PAT stood at ~INR5.2b (21% YoY decline, 17% below estimates), affected by higher provisions toward COVID-19 of INR6.9b. belongs to the Green zone; 16% to the Orange zone, and the rest to the The bank reported strong business growth numbers, with the mix of retail deposits improving further. 36% of borrowers have alternate businesses and therefore do not depend on a The bank has created the appropriate COVID-19 provisions based on multiple scenario analyses (such as impacted industry analysis; its prior experience of customer defaults; past events such as the Assam crisis, demonetization, and Bandhan maintains total provisions of INR10b, INR3.1b of which is put toward standard advances, while INR6.9b toward COVID-19-related issues. Total loans (on + off) grew 60.5%/9.8% YoY/QoQ to INR718.5b, driven by ~20%/15% YoY/QoQ growth in the MFI book; the non-micro credit book increased 22.3% YoY.

Bandhan Bank Ltd.'s price crossed below 30Day SMA today

Bandhan Bank Ltd.

08 May 2020

159.34

-2.36%

Broker's call: Bandhan Bank (Overweight)

Business Line

JP Morgan Bandhan Bank (Overweight)CMP: Target: 330We upgrade Bandhan Bank to Overweight following sharp underperformance year-to-date (-52 per cent

Bandhan Bank Ltd. is trading below all available SMAs

Bandhan Bank Ltd.

21 Apr 2020, 04:50PM

159.34

-2.36%

Singapore's Caladium ups stake at Bandhan Bank by 1% via market purchases

Business Standard

It now holds 72 million shares in the lender

Bandhan Bank Ltd. has an average target of 191.43 from 7 brokers.

GIC raises stake in Bandhan Bank to 4.49%

Economic Times | 21 Apr 2020, 03:11PM 1 more

Bandhan Bank Ltd.

13 Apr 2020

159.34

-2.36%

Bandhan Bank deposits surge 32% in FY20

Business Line

Deposits from micro-banking continue to be strong despite lockdown

Bandhan Bank Ltd. is trading below all available SMAs

Deposits from microbanking customers continue to be strong: Bandhan Bank

Business Standard | 13 Apr 2020 5 more

Bandhan Bank Ltd.

07 Apr 2020

159.34

-2.36%

BANDHAN BANK LIMITED

Buy: Bandhan Bank Ltd.

Target

Geojit BNP Paribas

Bandhan Bank operates as a commercial bank which provides checking accounts, savings deposits and money market, mortgage and term loan services. It also offers card facilities and internet banking services. Bandhan...