India's Bandhan Bank falls on Q1 profit slump

Bandhan Bank

21/07/2025 06:37

** Bandhan Bank BANH.NS falls 3.7% to 180.12 rupees; set for worst day in more-than five weeks

** Stock among top two pct losers on mid-cap index .NIFMDCP100, which is up 0.4%

** Private lender reports bigger-than-expected decline in Q1 profit on Friday, hit by spike in bad loan provisions as asset quality worsened

** At least five brokerages cut ratings post results, five hike ratings, per data compiled by LSEG

** Stock rated "buy" on avg; median PT is 200 rupees

** Jefferies cuts FY26 earnings estimates by 6%; Elara Capital says volatile financial performance, uncertainty around co's operating environment dampened investor confidence

** YTD, BANH gains ~13%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))