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The Economic Times
The Economic Times
Debaroti Adhikary

Profit up 35%, shares down 15%: What went wrong at Bandhan Bank?

Bandhan Bank CLSA Jefferies Nomura Nuvama JPMorgan Macquarie NSE

Shares of Bandhan Bank plunged 15% on Wednesday after the Kolkata-based private lender slashed its FY27 return on assets (RoA) guidance while announcing its Q1 results, prompting mixed reactions from brokerages.

The stock remained locked in the 15% lower circuit at Rs 177.50 on the NSE and was on track to post its sharpest intraday decline since the Covid-19 market crash in March 2020.

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