BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Bandhan Bank Ltd. reported in-line operating profits, while net earnings came in above our estimates.
The beat was led by lower provisions despite the bank providing Rs 3 billion toward Covid-19 (total Covid-19-related provisions of Rs 17.4 billion).
Business trends improved, with micro finance institution loans growing 5% QoQ, and current account and savings account grew 12.5% QoQ.
Management indicated for pickup in mortgage/commercial banking business with opening of new banking outlets and target to reach 30% each of the total asset under management by FY25.
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