HDFC Securities' research report on Bandhan Bank
BANDHAN’s 3QFY21E PAT disappointed on account of higher-thananticipated provisions as it sought to insulate the balance sheet from stress emanating from its Assam portfolio. We will continue to closely track progress on this front, and we have reduced our earnings estimates to account for this.
Low-cost deposit traction remains impressive in its granularity- this along with BANDHAN’s strong RoAE potential underpin our stance. Maintain BUY with a target price of Rs 406.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.