https://www.bseindia.com/corporates/anndet_new.aspx?newsid=7a93fc35-bd0b-42f1-836e-d57510a83c56
bandhan result
https://www.bseindia.com/corporates/anndet_new.aspx?newsid=9c206d30-51d3-4179-a80a-9feca96ea609
concall transcripts
results were a mixed bag.
important point i understood from the audio recording of the concall (also available on bse site) is that
in the second phase of assam microfinance relief scheme
bank should be getting around 750 to 800 crore from assam govt in this financial year
bank should be getting around 1100 crore in this financial year from the central govt under cgmfu scheme
if these two things happen, stock will definitely get rerated.
overall collections seem to be improving(barring temporary drop due to assam floods) and bank should be in much better shape by the end of current financial year. (no lockdowns)
It’s interesting to note the faith chandrashekhar ghosh has in his customers. He feels most of the delinquent customers will all payback one day.
A lot of customers who are npa do keep paying partially.
housing vertical growth is improving.
If anybody could help me find the latest book value of the bank it would be great.
108rs book value seems to be stuck on screener nd moneycontrol for past 2 quarters
If bandhan bank continues to maintain 5% plus nim (currently 8%) and manages to have microfinance exposure with not more than 5% per state in India(reduces the impact of state govt election waivers)
and overall microfinance portfolio not more than 25% of the total
for the next ten years.
with a overall 20% growth in loan book every year
then it could be rerated massively over the next decade.
Disclaimer : i am invested in bandhan bank, I am not a sebi registered investment advisor. This is not investment advice. Please do your due diligence before investing.
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