Bandhan Bank - A Couple Of Favorable Incremental Developments: ICICI Securities

A branch of Bandhan Bank Ltd. in the Prabhadevi area of Mumbai, India. (Source: BloombergQuint)

Bandhan Bank - A Couple Of Favorable Incremental Developments: ICICI Securities

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.

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).

Click on the attachment to read the full report:

ICICI Securities Bandhan Bank Company Update.pdf

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