In the quarter under review, the lender made a provision of Rs 636 crore, which was 50% less than what it had provided for in the year-ago period. This was despite deterioration in asset quality.
“Panacea Biotech restructured the company around Covid. They have paid off all their debt. It is a debt-free company. They got out of low production markets like India and Nepal, which is where they did their portfolio immunization. And now they are focusing more on developed nations.”
Bandhan Bank: Advances stood at Rs 1,07,633 crore compared with Rs 95,835 crore in the corresponding quarter last year. They were up 4.3 per cent over June quarter's Rs 1,03,169 crore.
Stocks to watch on August 14, 2023: The market would trade cautiously ahead of India’s inflation data to be released on Monday. ITC, Divi s Lab, Vodafone India, Eicher Motors, CAMS, Varun Beverages, HAL, Nykaa among stocks to watch on Monday.