MUMBAI : Bandhan Bank Ltd’s fiscal fourth-quarter metrics showed how the lender’s balance sheet took a turn for the worse. Bandhan Bank carved ₹1,594 crore out of its earnings to set aside as provisions for the quarter, 49% higher sequentially. State elections, a local law in Assam restricting micro-lending and a vicious second wave of the pandemic have created the perfect storm for Bandhan Bank. Ergo, along with the weakening of credit culture, the economic impact of the second wave, too, has begun to manifest. With the fourth-quarter metrics disappointing and outlook rather weak, Bandhan Bank’s stock may continue to be under pressure.

Source: Mint May 10, 2021 05:31 UTC