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India's Bandhan Bank slides on weak quarterly results

ReutersOct 31, 2025 4:44 AM

Bandhan Bank BANH.NS declines 4.6% to 162.67 rupees after Q2 net profit tanks 88% y/y, hurt by soaring bad loan provisions and a drop in asset quality

Stock set to lose the most in a session since early-April if trend holds

Jefferies cuts PT to 200 rupees from 215 rupees, retains "buy"

Investec cuts TP to 180 rupees from 200 rupees, retains "hold" rating

Both brokerages note problems with asset quality, with Jefferies saying stability is taking longer than expected

Asset quality pressures to continue for 1-2 months before easing gradually, says Investec

Adds, weak microfinance segment dragged overall loan growth

Stock rated "buy" on avg, median PT at 190 rupees - data compiled by LSEG

YTD, BANH up ~2%

($1 = 87.8950 Indian rupees)

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