BofA upgrades rating on Bandhan Bank to 'buy', sees over 31% upside; here's why

Bandhan Bank specialises in micro-advances and has been expanding the general banking business to complement the micro loan business. It has more than 1,000 branches across India.

Bandhan Bank shares drop 6.5% as CFO Sunil Samdani steps down

Since Bandhan Bank obtained its banking license and started its operations in 2015, Sunil Samdani has been affiliated with the bank and has held the position of CFO continuously.

Bandhan Bank rises nearly 4% as it receives bids for stressed assets, appoints new executive director

The board has approved the proposal for transfer of loans originated from banking units (BUs) and SEL written-off portfolio with outstanding of ₹2,614.03 crore and NPA loans originated from BUs, totalling to ₹2,316.32 crore to ARC.

Bandhan Bank hikes interest rates on fixed deposits

<ul><li>This is the bank's second rate hike on fixed deposits in the last three months, following the hardening of rates by the RBI, it said.</li></ul>

Stay Away! Nuvama lists 5 stocks likely to underperform in 2023

Nuvama believes peaking rates amid deepening downgrades could weigh on lofty Indian equities’ valuations in 2023, however, strong balance sheets and potential rate cuts in H2CY23 should limit dislocations. It expects 2023 to be another year of flat returns with volatility and defensives/largecaps outperforming. Amid this backdrop, the brokerage has come out with 5 stocks that are likely to underperform. Let's take a look:

Bandhan Bank shares surged over 5% on Monday's trade; here's why

stocks

Brokerage houses, ICICI direct Research report and Nuvama Wealth Management Ltd have 'hold' rating for the stock, while Motilal Oswal Financial Services Ltd has 'neutral' rating for the stock.

Bandhan Bank Q3 profit plummets 64% to ₹291 crore

<ul><li>However, the bank's total income increased to ₹4,840.94 crore in the latest December quarter from ₹4,117.76 crore a year ago, it said in a regulatory filing.</li></ul>

Phillip Capital initiates coverage on Bandhan Bank with a ‘buy’, sees 41% upside - here's why

Phillip Capital underscored that Bandhan Bank is undergoing a transformation – both in terms of loans and geographical mix.

Bandhan Bank stock down 7% this year; should you buy?

Bandhan Bank had an analyst meet on December 01, 2022, where the lender discussed its business overview and further strategy.

Aurobindo Pharma, Max Financial, Voltas among stocks that hit 52-week lows in November

<ul><li>Aurobindo Pharma shares hit their 52-week low of ₹455.05 on November 25; Max Financial's 52-week low level was ₹627.80 hit on November 23.</li></ul>

Top Bandhan Bank News

markets

BofA upgrades rating on Bandhan Bank to 'buy', sees over 31% upside; here's why

markets

Bandhan Bank shares drop 6.5% as CFO Sunil Samdani steps down

markets

Bandhan Bank rises nearly 4% as it receives bids for stressed assets, appoints new executive director

personal finance

Bandhan Bank hikes interest rates on fixed deposits