BOM:541153

Nomura Adjusts Bandhan Bank's Price Target to INR195 From INR175, Keeps at Neutral

Jefferies Adjusts Bandhan Bank's Price Target to INR215 from INR175, Keeps at Buy

Bandhan Bank's Net Profit Rises in Fiscal Q4

Bandhan Bank's (NSE:BANDHANBNK, BOM:541153) net profit rose to 5.34 billion Indian rupees in the fiscal fourth quarter ended March 31 from 3.18 billion rupees a year ago.Earnings per share climbed to 3.31 rupees from 1.97 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges. The EPS was higher than the 2.77 rupees estimated by the analysts polled by Visible Alpha.Interest earned by the lender in fiscal Q4, however, was nearly flat year-on-year at 54.3 billion rupees.The company's board also recommended a dividend of 1.50 rupees per equity share having a face value of 10 rupees each for the financial year ended March 31.