Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 66129.17 Crore).
Financials
For the quarter ended 30-09-2020, the company reported a Standalone Interest Income of Rs 2792.55 Crore, up 6.51 % from last quarter Interest Income of Rs 2621.96 Crore and up 17.82 % from last year same quarter Interest Income of Rs 2370.15 Crore. The bank reported net profit after tax of Rs 920.01 Crore in latest quarter.
Investment Rationale
Credit cost to normalise in FY22 to sub-1.5% after having provided 3.5% in FY21, thereby boosting RoE profile; asset growth momentum remains intact
Promoter/FII Holdings
Promoters held 40 per cent stake in the company as of Sept 30, 2020, while FIIs held 32.2 per cent, DIIs 12.7 per cent and public and others 15.1 per cent.
