ICICI Securities: Bandhan Bank Q2 Review - Visibility Improving Towards Normalcy
A branch of Bandhan Bank Ltd. in the Prabhadevi area of Mumbai, India. (Photo: BloombergQuint)

ICICI Securities: Bandhan Bank Q2 Review - Visibility Improving Towards Normalcy

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Bandhan Bank Ltd. has reported better-than-expected profit after tax of Rs 9.2 billion in Q2 FY21 (down 5% YoY, up more than 65%), buoyed by 25% YoY growth in operating profit and lower credit cost.

Contingency buffer build up continued (another Rs 3 billion, taking cumulative buffer to 2.8% of asset under management) – a move towards guided credit cost range of 3.5% over the next few quarters.

Click on the attachment to read the full report:

ICICI Securities Bandhan Bank Q2FY21 Results Update.pdf

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