India's Bandhan Bank rises as lender moves to offload 69 bln rupees in bad loans

Bandhan Bank

28/11/2025 04:22

** Shares of Bandhan Bank BANH.NS rise ~1% to 151.04 rupees

** Microfinance lender to sell off its bad and written-off loan portfolios worth over 69 billion rupees (~$772 million)

** To use bidding and auction involving asset reconstruction companies to clean its balance sheet

** Co has grappled with higher bad loans in its micro-loan book over the last few quarters, forcing it to set aside more funds for potential bad loans

** Provisions and contingencies in the quarter ended Sept 30 almost doubled to 11.53 billion rupees

** Twenty five analysts have a "hold" rating on avg; median PT is 177.50 rupees - data compiled by LSEG

** YTD, BANH down 5.5%

($1 = 89.3830 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))