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Bandhan Bank shares crash 10% after Q1 results; lender cuts RoA guidance. Should you buy, sell or hold?

Bandhan Bank shares dropped 10% after the lender released its Q1 earnings. The bank reduced its return on assets guidance due to global economic uncertainties. Higher staff and technology expenses also contributed to increased operational costs. Despite a profit rise, net interest income saw a modest increase. Asset quality improved, with non-performing assets showing a significant decline.

Source :- Markets-Economic Times Read More

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