What makes Bandhan the most expensive bank in the country?
May 09, 2019 / 10:36 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Bandhan Bank-- the youngest bank in India--is also the most expensive bank. In fact, its market capitalisation (m-cap) surpassed that of all the listed state-run banks put together, except State Bank of India, following its listing in March last year. And these are just a couple of triumphs on the bank's long list of achievements.
Bandhan was one of only two, along with IDFC, to be granted a banking licence by the Reserve Bank of India in 2014. Accordingly, it became...