Focus: Operating Expenses… They were down, and profits have increased 8%
This is what VV meant by saying “profit jaw will open”
Very interesting.
He had promised this. That no more new expenses, and branch wise efficiency will start showing. It has!
This is only the start. I believe this is a first quarter in which we are saying some decent numbers.
Future could be mind boggling.
Waiting for investor presentation to see, NIM, Cost to Income ratio. It won’t be long before the metrics start looking better than other leading banks.
PS: for the ones interested, PE ratio now becomes 18
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