The Bank has reported a Gross Non-Performing Assets (Gross NPAs) of Rs 873.97 Crore and Net Non-Performing Assets (Net NPAs) of Rs 262.55 Crore. For the quarter ended 30-09-2020, the bank has reported net profit after tax of Rs 920.01 crore in the latest quarter.
Bandhan Bank, which received $1.4 billion from investors in August, aims to maintain a 4 per cent return on assets by diversifying. It plans to lend to less-risky sectors such as gold, as well as providing home and car loans.
Indian micro-financier Bandhan Bank Ltd. will diversify lending and selectively tap more rural markets to cement its position as the nation’s most profitable lender after loan repayments improved.
Founder and Chief Executive Officer Chandra Shekhar Ghosh said in a recent interview. “Rural India is untapped and people there are not getting credit service. Lifestyles are going to change and they also have business needs.”
Bandhan Bank, which received $1.4 billion from investors including BlackRock Inc. and Singapore’s GIC Pte in August, aims to maintain a 4 oer cent return on assets by diversifying. It plans to lend to less-risky sectors such as gold, as well as providing home and car loans. Currently, the lender’s unsecured microfinance loan book stands at around 62 per cent, Chandra Shekhar Ghosh added.
Bandhan Bank Ltd. share price moved up by 1.53% from its previous close of Rs 340.10. Bandhan Bank Ltd. stock last traded price is 345.30 at 2:40 PM (IST)