Bandhan Bank shares fell 5.9% to an intraday low of Rs 160.40 on BSE on Friday, October 31, after the private sector lender reported a sharp decline in earnings for the July-September quarter of FY26. The bank posted a net profit (PAT) of Rs 110 crore, down 88.1% year-on-year (YoY) and 69.9% sequentially. Net interest…
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
Partha Pratim Sengupta-led Bandhan Bank on Friday reported a sharp 65 per cent year-on-year (YoY) drop in its net profit for the first quarter of the current financial year (Q1 FY26), with earnings falling to Rs 372 crore compared to Rs 1,064 crore in the same period previous year (Q1 FY25). The fall in profit…