2/5/2025, 9:39:03 am

Bandhan Bank's weak Q4 prompts Jefferies estimate cut

Brokerages cut Bandhan Bank's earnings estimates after Q4 results, citing high slippages and credit costs in its microfinance portfolio. Jefferies lowered estimates by 7-10% but maintained a 'Buy' rating, while Nomura stayed neutral. The bank reported a 3.6% YoY drop in net interest income to ₹2,756 crore, with NIMs at 6.7%. Despite challenges, it declared a dividend and continues to expand.