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    HomeNewsBusinessMoneycontrol ResearchBandhan’s stock didn’t react positively to healthy business growth update. Why?

    Bandhan’s stock didn’t react positively to healthy business growth update. Why?

    Bandhan’s stock will not see a sustained rally until asset quality woes in its micro-lending book are decisively resolved. And even if the asset quality improves, the valuation multiple is unlikely to jump to historical levels

    Neha Dave
    October 12, 2022 / 12:34 IST
    Bandhan Bank | CMP: Rs 267.60 | The share price shed over 2 percent after the private lender reported weak trend in disbursements for Q2FY23. The bank's loans and advances stood at Rs 99,374 crore at end of September quarter, only 3 percent higher on a sequential basis. Total deposits of the bank rose by 7 percent to Rs 99,365 crore at end of September, as against Rs 93,057 crore a quarter ago. Of this, retail deposits were of Rs 73,660 crore, which was higher by only 1 percent. Growth in CASA deposits also remained flat on a sequential basis at Rs 40,509 crore, compared to Rs 40,195 crore in the June quarter.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More