Motilal Oswal: Bandhan Bank’s Collection Trends Improving Steadily; Liability Franchise Strong
A stack of Indian one-hundred rupee banknotes are arranged for a photograph in a bank in India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Bandhan Bank’s Collection Trends Improving Steadily; Liability Franchise Strong

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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.

Click on the attachment to read the full report:

Motilal Oswal Bandhan Bank Q2FY21 Result Update.pdf

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