Bandhan Bank Ltd.

NSE: BANDHANBNK | BSE: 541153 | ISIN: INE545U01014 |Industry: Banks
|Momentum Trap
498.00 -2.60 (-0.52%)
NSE Mar 20, 2019 15:31
Volume: 269.2K
 
Durability score
30 /100
Valuation score
11.8 /100
Momentum score
40.4 /100
Market Capitalizati...
59,401.7 Cr.
AVG Broker Target
608.3
PE TTM Price to Ear...
35.2
Bandhan Bank Ltd.    
11 Jan 2019
498.00
-0.52%
buy
ICICI Securities Limited
Absolute GNPA surged more than doubling to | 8310 crore, led by prudent recognition of entire | 388 crore of exposure to IL&FS; group. Accordingly, GNPA ratio increased ~112 bps QoQ to 2.41% Bank has made full provision of ~| 385 crore. This has kept overall credit cost higher, which has impacted growth in profitability. Therefore, PAT came in at | 331 crore, up 10% YoY. It had reversal of MTM provision of ~| 96 crore in Q3FY19. Customer acquisition remained robust with 9.22 lakh customers...
Bandhan Bank Ltd. is trading below it's 150 day SMA of 507.72
Bandhan Bank Ltd.    
11 Oct 2018
498.00
-0.52%
buy
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research AUM growth continued to remain robust at 51% YoY to | 33373 crore. Micro loans (form 86% of advances) grew 47.3% YoY to | 28974 crore, while non micro loans grew 80.2% YoY NII growth continued to remain robust at 55.4% YoY to | 1077 crore led by AUM growth and strong margins at ~10.3%. Margins remained steady QoQ at 10.3%. Non-interest income grew 3.5% YoY to | 230 crore. The bank realised | 263 crore from sale of PSL...
default
Bandhan Bank Ltd. is trading above it's 100 day SMA of 471.8
Bandhan Bank Ltd.    
11 Oct 2018
498.00
-0.52%
LKP Securities
Operationally good quarter for the bank, PAT grew by 47% yoy driven by strong loan growth and stable margins. Other income showed flat growth more due to change in the recognition of PSLC income. AUM growth was strong at 51%, margins remained stable at 9% which led to...
Bandhan Bank Ltd. is trading above it's 100 day SMA of 471.8
Bandhan Bank Ltd.    
10 Oct 2018
498.00
-0.52%
buy
JM Financial
Bandhan Bank reported a strong quarter in 2QFY19, with net profit at INR 4.88bn (+47% YoY, 10% above JMFe). Gross AUM growth was robust (+51% YoY), while disbursement growth was at 71% YoY. Gross NPLs were largely stable at 1.3%, while total provisions were slightly elevated at 1.1%, despite marginal reduction in PCR (330bps decline QoQ to 47%). Bandhan disclosed that it has an exposure of INR 3.9bn to the IL&FS; group (1.2% of AUM), which is currently classified as standard. Bank believes that the withdrawal of general permission to open branches by the RBI, does not materially impact balance sheet growth in the near term : a) Bandhan averages c. INR 350mn deposit per branch (vs 1.7bn , 1.4bn for...
Bandhan Bank Ltd. is trading above it's 100 day SMA of 471.8
Bandhan Bank Ltd.    
01 Oct 2018
498.00
-0.52%
buy
ICICI Securities Limited
As per the licensing condition for Bandhan Bank, shareholding of Non Operative Financial Holding Company (NOFHC) was to be brought down to 40% within three years from August 2015. However, the NOFHC was unable to adhere to the condition and currently holds ~82% in the bank. In a communication to the bank, the RBI has said the general permission to open new branches stands withdrawn while new branches could be opened with RBI approval. In addition, the regulator has mandated to freeze the remuneration of the MD & CEO at the existing level (| 2.4 crore...
default
Bandhan Bank Ltd. is trading below it's 150 day SMA of 507.72
Bandhan Bank Ltd.    
24 Aug 2018
498.00
-0.52%
Nirmal Bang Institutional
We recently met Mr. Hiren Shah, Head of Investor Relations at Bandhan Bank (BBL), and gleaned incremental strategic insight into the performance and outlook of BBL. We currently do not have a rating on the stock. The following are the takeaways from our discussion: Microfinance interest rate leadership NBIE Values your patronage- Vote for The...
Bandhan Bank Ltd. is trading below it's 150 day SMA of 507.72
Bandhan Bank Ltd.    
17 Aug 2018
498.00
-0.52%
buy
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Bandhan started as Bandhan Konnagar, a non-governmental organisation (NGO) in 2001 providing microfinance services to socially and economically disadvantaged women in rural West Bengal. On April 9, 2014, RBI granted an in-principle approval to Bandhan Financial Services (BFSL) to set up a scheduled commercial bank. Bandhan Bank has demonstrated stellar advances growth at ~51% CAGR in the last five years despite AP crisis and demonetisation. Continued focus on...
Number of FIIs/FPIs holding stock fell by 12 to 139 in Dec 2018 qtr.
Bandhan Bank Ltd.    
20 Jul 2018, 12:00AM
498.00
-0.52%
LKP Securities
report strong profitability net profits to grow at a CAGR of 39% over FY18-21E. Return profile is also estimated to be robust ROE/ROA 19%/3.7 over the next 2 yrs. Although valuations looks expensive (trading at 6.8x FY19E and 5.2x FY20E...
Number of FIIs/FPIs holding stock fell by 12 to 139 in Dec 2018 qtr.
Bandhan Bank Ltd.    
19 Jul 2018
498.00
-0.52%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Advances growth continued to remain robust at 52% YoY to | 32590 crore, above our estimate. Micro loans (forms 85.8% of advances) grew 44.8% YoY to | 27979 crore while non micro loans rose 127% YoY from | 2068 crore in Q1FY18 to | 4614 crore in Q1FY19 NII increase was higher than estimate at 39.5% YoY to | 1037 crore led by robust growth in AUM and strong margins at ~10.27%. On a sequential basis, NIM increased ~100 bps from 9.3% in Q4FY18 to...
Number of FIIs/FPIs holding stock fell by 12 to 139 in Dec 2018 qtr.
Bandhan Bank Ltd.    
18 Jul 2018
498.00
-0.52%
JM Financial
Bandhan's 1QFY19 results indicate strong momentum across all fronts (loan growth 52% YoY, deposits 37% YoY, earnings 47.5% YoY) as well as stability across key qualitative parameters (GNPLs flat QoQ, cost-income ratio 34.2%, down 140bps YoY). Microbanking loan book grew 45% YoY, while other retail loans were up 123% YoY on a low base. CASA deposits were up 84% YoY, with CASA ratio of 35.5%. NIMs benefitted from the recent capital raise to expand to 10.3% and Tier1 ratio now stands at 31.4%. Nonmicrobanking assets are now 14.2% of the loan mix. The bank added 0.39mn microbanking customers (+4.7% growth) and 0.25mn retail banking customers (11% growth). We upgrade our earnings estimates by 2%/5% for FY19/20 resulting into a revised TP of INR650...
Bandhan Bank Ltd. is trading below it's 150 day SMA of 507.72