Bandhan Bank shares hit the 10% lower circuit on Wednesday after the private lender reported its Q1FY27 earnings and lowered its return on assets (RoA) guidance, citing an uncertain global macro environment and heightened competition for deposits.
The stock remained locked at the 10% lower circuit at Rs 187.95 on the NSE. The lender reported a 35% year-on-year (YoY) rise in net profit to Rs 502 crore for Q1FY27, compared with Rs 372 crore in the year-ago quarter. The profit growth was driven by a 41% decline in provisions to Rs 683 crore during the quarter.