Bandhan Bank - in a sweet spot?

Stock Opportunities
538

Positive narrative that is coming out is:

  1. Bandhan doesn’t have issues in liability side ie Deposit base is strong and granular
  2. Capital Adequacy Ratio is at 24.69% (vs 15% for RBL/Indusind)
  3. Rural India might show higher resilience,

Having said that MSME + Unsecured lending risk stays.
Markets might wait for clarity to emerge to give it a multiple it deserves. For now in a lockdown its a black-box and markets don’t like uncertainty.

Recent brokerage reports:


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