Bandhan Bank: Uncertain Times Warrant Caution In Near Term, Says ICICI Direct
A Bandhan Bank branch and ATM in Kolkata. (Source: Bandhan Bank)

Bandhan Bank: Uncertain Times Warrant Caution In Near Term, Says ICICI Direct

Bookmark

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 Direct Report

Bandhan Bank Ltd. has posted decent results on the operating front however asset quality performance and outlook has raised some concerns that calls for cautious approach.

With key states like Assam witnessing some stress due to Micro Finance bill the behaviour of customer profile in this region would be monitorable in coming months.

Collection efficiency in the emerging enterprise i.e. small and medium enterprise segment has declined from 94% in end of December to 92% by Mid-January, however the management has indicated that it would improve by March 2021.

Click on the attachment to read the full report:

ICICI Direct Bandhan Bank Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.