Bandhan Bank Q3 results muted: What should investors do?
In Q3FY23, Bandhan Bank posted a net profit of ₹290.6 crore down by a whopping 66% YoY, while net interest income (NII) fell 2% YoY during the quarter to ₹2,080.4 crore.
Kolkata-headquartered private lender Bandhan Bank witnessed subdued third quarter earnings (Q3FY23) with both net interest income (NII) and profitability on the dip side. The stock will be in focus this post-Q3. Going forward, the bank's management expects to sustain loan growth and a sharp drop in slippages by Q4 of FY23. Brokerage Motilal Oswal continues to remain watchful of the bank's asset quality.
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