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