Has corrected ~30% from top. At cmp of 268, it is trading at 1.2 times the book value. ROE is impressive.
Return on Equity
NIM for june quarter was 4.99%.
govt. plans OFS for 5% stake sale (only abt 1% will be for retail) as per news flashes on cnbc.
banks are not req. to maintain SLR,CRR for long term infra loans. So that will be a challenge for rec in maintaining high NIMs. But for the existing (large) loan book, thats not a challenge
increase in Net NPAs to 0.7% (1090 cr) in Q1FY15 from 0.24% in Q4FY14.
I guess most of the challenges are priced in already. Motilal has a price target of 360/- (report from 12th Aug) . can be downloaded at -