reports
BANDHAN BANK receives two new qualifications and slightly improves to ...
The independent financial analyst theScreener just changed two ratings for the qualification of BANDHAN BANK (IN), active in the Money Center Banks industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 2 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date January 14, 2022, the closin...
- Nitin Aggarwal
MOSL: BANDHAN BANK (Neutral) - Asset quality deteriorates; CE remains ...
BANDHAN BANK: Asset quality deteriorates; CE remains key monitorable (BANDHAN IN, Mkt Cap USD6.3b, CMP INR291, TP INR330, 13% Upside, Neutral) SMA overdue/restructured book increases to ~21%/6.6% Bandhan Bank (BANDHAN) reported 1QFY22 PAT of INR3.7b, above our estimate - supported by margin improvement (170bp QoQ) and lower provisions v/s MOFSLe- even as MFI loans / total AUM declined 9%/~8% QoQ. On the liability front, the CASA ratio came in stable at ~43%, while the proportion of retai...
- Nitin Aggarwal
MOSL: BANDHAN BANK (INITIATING COVERAGE)-Braving the challenges! Retur...
Bandhan Bank (initiating coverage): Braving the challenges! Return ratios strong; asset diversification to drive sustainable growth (BANDHAN IN, Mkt Cap USD8.8b, CMP INR400, TP INR500, 25% Upside, Buy) Bandhan Bank (BANDHAN) has strengthened its positioning as one of the key financial institutions in east/north-east India. It has maintained a healthy market share of ~19% in MFI loans with a CAGR of 35% since FY15. The merger with Gruh Finance (GRUH) will help improve asset diversificatio...
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