Bandhan Bank - A Couple Of Favorable Incremental Developments: ICICI Securities
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ICICI Securities Report
Bandhan Bank Ltd. witnessed a couple of favorable developments in the week gone by (June 13 to19).
Firstly, Reserve Bank of India’s consultative paper on harmonisation of regulations for micro finance institutions subsides the concerns of the bank being subjected to maximum number of lenders or lending rate cap.
Secondly, Assam government’s decision of providing relief as well as incentive for MFI loans will partially address one of the key concerns of its elevated stress pool in Assam (14% in 90 plus days past due and 11% in 31-90 days past due bucket for Assam as of March 2021).
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