Bandhan Bank reported an impressive 68% rise in its net profit for the March quarter, beating Street estimates by a mile. But asset quality metrics have improved in the fourth quarter for most lenders and Bandhan Bank is not an outlier. So, it comes as no surprise that investors sent Bandhan Bank’s shares soaring on Thursday, with the stock ending 4% higher. But asset quality metrics have improved in the fourth quarter for most lenders and Bandhan Bank is not an outlier. That makes it dearer than large lenders such as HDFC Bank, ICICI Bank Ltd and IndusInd Bank Ltd.

Source: Mint May 02, 2019 11:40 UTC