Shares of Bandhan Bank rose over 1% to Rs 152.2 apiece on November 28 a day after the microfinance lender announced it will sell off its bad and written-off loan portfolios worth over Rs 6,900 crore.
The lender said it will use bidding and auction involving asset reconstruction companies to clean its balance sheet.
At 3:15 pm on November 28, Bandhan Bank shares were trading 0.5% higher at Rs 150.44 apiece.
"The Bank shall go for bidding as per Swiss Challenge method for sale of NPA Portfolio with more than 180 Days Past Due, having principal outstanding amounting to Rs. 3,212.17 Crore, as on September 30, 2025. Further, the Bank shall go for auction route for sale of Written-off Loan Portfolio, having principal outstanding amounting to Rs. 3,719.14 Crore, as on September 30, 2025," said Bandhan Bank in a stock exchange filing.
"The Loan Portfolios belong to Emerging Entrepreneurs Business including Group Loans and Small Business & Agri Loans, and Aspiring Business Group of the Bank," the lender said.
Bandhan Bank has grappled with higher bad loans in its micro-loan book over the last few quarters, forcing it to set aside more funds for potential bad loans.
Provisions and contingencies in the quarter ended September 30 almost doubled to Rs 1,153 crore.
So far in 2025, the lender's stock fell 5.5%.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
