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Bandhan Bank Ltd. ( (IN:BANDHANBNK) ) has shared an update.
Bandhan Bank Limited has approved the sale of its identified Non-Performing Assets (NPA) and Written-off Portfolios through a bidding process involving Asset Reconstruction Companies. This strategic move involves NPAs with a principal outstanding of Rs. 3,212.17 Crore and written-off loans amounting to Rs. 3,719.14 Crore, aiming to improve the bank’s asset quality and financial position.
More about Bandhan Bank Ltd.
Bandhan Bank Limited operates in the financial services industry, primarily offering banking services including loans to emerging entrepreneurs, small businesses, and agricultural sectors. The bank focuses on providing financial solutions to underserved and aspiring business groups.
Average Trading Volume: 404,860
Technical Sentiment Signal: Strong Sell
Current Market Cap: 243.5B INR
See more insights into BANDHANBNK stock on TipRanks’ Stock Analysis page.