India's Bandhan Bank slides on weak quarterly results

Bandhan Bank

31/10/2025 04:44

** Bandhan Bank BANH.NS declines 4.6% to 162.67 rupees after Q2 net profit tanks 88% y/y, hurt by soaring bad loan provisions and a drop in asset quality

** Stock set to lose the most in a session since early-April if trend holds

** Jefferies cuts PT to 200 rupees from 215 rupees, retains "buy"

** Investec cuts TP to 180 rupees from 200 rupees, retains "hold" rating

** Both brokerages note problems with asset quality, with Jefferies saying stability is taking longer than expected

** Asset quality pressures to continue for 1-2 months before easing gradually, says Investec

** Adds, weak microfinance segment dragged overall loan growth

** Stock rated "buy" on avg, median PT at 190 rupees - data compiled by LSEG

** YTD, BANH up ~2%

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

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