Management said that considering the current situation there should not be need of accelerated provisioning during Q4FY20.
Net Interest Income (NII) is expected to increase by 33.7 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 1,440.8 crore, according to ICICI Direct.
The bank's profit in Q1 grew 45.6 percent YoY in June quarter despite higher provisions, and net interest income increased 36 percent with loan growth at 39.4 percent YoY
Net Interest Income (NII) is expected to increase by 34 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 1,386.2 crore, according to Kotak.
With the substantial progress on promoter stake reduction and full provision for IL&FS, the key overhang on the stock is behind us
The lender's advances book grew at an accelerated pace of 46% YoY in Q3, increasing to Rs 35,599 crore.
Consumption sectors (FMCG, durables, autos), though on a soft base, post noticeable volume growth for a consecutive quarter.
Bandhan Bank’s scale, experience and history in micro loans, combined with superior return ratios from the general banking business, strong asset quality and more than adequate capital should support premium valuations
Bandhan stands out for its ability to achieve profitable growth in a segment marred by several issues.