Bandhan steps out to reassure Street after Ambit thumbs down

INSUBCONTINENT EXCLUSIVE:
respectively, between January and March at Bandhan, which now has excess liquidity to the tune of Rs 8,500 crore. Depositors in general are
concerned about the safety of their money, especially after a clutch of lenders had to come together to bail out Yes Bank
Another private-sector lender, IndusInd Bank, saw its deposit base shrink to Rs 2.02 lakh crore at the end of March against Rs 2.17 lakh
lockdown and the resultant business disruption is causing concern among analysts, especially because Bandhan has a significant exposure to
what are described as micro loans
shares of microfinance / unsecured / commercial vehicle loans. Some other brokerages were not as pessimistic as Ambit
migrant workers
with Sanford C