Bandhan Bank falls 2%, nears record low on weak Q3 business update

Quick Summary:

In Q3FY25, Bandhan Bank's collection efficiency continued to deteriorate by approximately 60 bps quarter-on-quarter to 97.6 per cent from 98.

Historically, the microfinance sector has witnessed major disruptive events, including the Andhra crisis in 2010, demonetisation in 2016 and more recently, the pandemic in March 2020.

Whilst the microfinance sector continues to face headwinds, the company has been proactive and has taken steps over the last 18+ months to address the business risks.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Markets GNPA Bandhan Bank share 52-week low Bandhan Bank share price Karza mukt bharat abhiyan Bandhan Bank share price Bandhan Bank Q3 Microfinance Bandhan Bank Private sector lender Asset quality

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 12:11:49 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24911808

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Coverage Areas: India

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