Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 47118.08 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 3787.91 Crore, down -1.90 % from last quarter Total Income of Rs 3861.12 Crore and up 13.19 % from last year same quarter Total Income of Rs 3346.47 Crore. The bank reported net profit after tax of Rs 103.03 Crore in latest quarter.
Investment Rationale
Overall, the brokerage expects asset quality trends to remain under pressure; thus, it estimates credit cost at 4.0% of loans for FY22. It cuts earnings estimate by ~11%/6.0% for FY22/FY23.
Promoter/FII Holdings
Promoters held 40 per cent stake in the company as of Dec 30, 2020, while FIIs held 35.2 per cent, DIIs 4.4 per cent and public and others 20.4 per cent.
