10% ROE, 1% ROA from 6.67% ROE& 0.75 %ROA in previous quarter. With increasing operating leverage and slowing down treasury losses ROA&ROE will further increase. Asset quality improving. NPA ratios and absolute numbers improved sequentially. With a retail focused book with Presently PB ratio of 1.1, this is a rerating candidate for sure and a no brainer buy!!!
Disclosure: Invested. Recent transactions in 48 hours.
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