Page 6 - Bandhan Bank

Bandhan Bank says will tap rural markets to stay as most profitable lender

Despite the rise in repayments, the ongoing coronavirus pandemic could slow Bandhan's loan growth to 20% this year

Lockdown blues over, economy improving: Winners of Business Standard awards

Larsen & Toubro won the Company of the Year award and Wipro founder Azim Premji won the Lifetime Achievement award

Business Standard Awards: Watch the winners share their vision for future

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

Bandhan Bank Q2 profit dips 5% as Covid-19 provisions eat into bottomline

Bandhan Bank on Monday reported 5 per cent decline in September quarter net profit at Rs 920 crore on a spike in provisions made for possible loan losses due to the Covid-19 pandemic

MARKETS: Indices end choppy trade higher; Sensex up 144 pts; RIL sinks 9%

All that happened in the markets today

Banks, FMCG stocks may outperform in near-term: HDFC Securities

BankNifty index has broken out from the "Flag" pattern on the daily chart, which indicates a fresh momentum buying the Banking stocks

Bandhan Bank extends gain post Q2 business update; soars 14% in 1 week

The bank reported 20 per cent year on year (YoY) credit growth at Rs 76,724 crore for the quarter ended September 2020 (Q2FY21)

Bandhan Bank's collection efficiency ratio at 92 per cent in September

Collection efficiency ratio of private lender Bandhan Bank touched 92 per cent as on September 2020, the bank said in a regulatory disclosure on Wednesday

Stock tips by Nilesh Jain of Anand Rathi: Buy Muthoot Finance, Bandhan Bank

The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance

Nifty Bank index falls 2%; RBL, Bandhan, HDFC Bank down over 3%

India Ratings and Research has revised its outlook on the banking sector to 'Negative' for H2FY21.

Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Federal Bank has picked up momentum to improve the bias and with the RSI indicator indicating a trend reversal

After micro loans, housing finance to be next key focus for Bandhan: MD

Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has said. The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told PTI. Ghosh, who has been heading Bandhan since its days as a microlender, termed the bank's biggest setbacks regulatory wrath for high promoter ownership and also the exposure to failed infra lender IL&FS - as "learnings". He said it is good that the failure on the large exposures happened very early into Bandhan Bank's journey, which helped limit the losses, and affirmed that it will never lend to the large segment again. On the promoter share front, where the RBI had put restrictions including on network expansion and capping ..

HDFC Bank, RIL help Sensex settle 478 pts higher; Nifty ends at 11,385

All that happened in the markets today

Bandhan Bank gains over 2% as RBI lifts restrictions on CEO's remuneration

The restrictions were imposed by the RBI in September 2018 as the bank's promoters failed to comply with licensing requirements of reducing their stake in the bank

RBI lifts curbs on Bandhan Bank CEO's pay package after promoter cuts stake

According to RBI's licensing norms, any bank offering 'universal' services needs to bring down the promoter's stake to 40 per cent in three years from the date of commencement of operations

Banks have opportunity to tap into rural sector in post-Covid world: Ghosh

Bandhan Bank has already disbursed around Rs 3,500 crore in rural locations last month, Ghosh said during a webinar organised by the MCCI

How Chandra Shekhar Ghosh plans to stay focused on country roads

About 71% of Bandhan's banking outlets are located in rural and semi-urban areas

UBS Principal Capital Asia sells shares worth Rs 150 cr in Axis Bank

A total of 3.5 million scrips of the private sector lender were sold at an average price of Rs 428.7 apiece, valuing the deal at Rs 150 crore, according to block deal data on the BSE

After the moratorium: Banks have to face their bad loan problem, again

Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay