Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

Quick Summary:

Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.

Asset quality of the lender deteriorated during the quarter with GNPA & NNPA rising by 9bps/ 4bps quarter-on-quarter (QoQ) to 2.11 per cent & 0.64 per cent.

IndusInd Bank’s profitability significantly impacted by higher contingent provisions combined with slight deterioration in asset quality & slowdown in microfinance institution (MFI) segment kept pressure on margins.

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Category: BusinessFinance

Markets: India

Topics: Q2 IndusInd Bank shares 52-week low Fedbank Financial Services MFI Markets ESAF Small Finance Bank Fusion Finance All-time lows RBL Bank Capital Small Finance Bank CSB Bank Microfinance institution Bandhan Bank Ujjivan Small Finance Bank IDFC First Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 15:04:07 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23237802

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