From the concall the management mentioned that 180+ DPD accounts were written off amounting to ~3400cr
They have utilised ~2000cr from the stress provisions and revised the collection estimates from the stressed borrowers to 1500cr from 2500cr leading to a higher provisioning in Q2
I have a feeling that the slippages will be high for the second half as well but it is looking like next FY will be normal
Also they have tightened their credit standards (NPA customers who pay in full wont immediately get another loan, they have to wait for months) and inducated loan growth will slow down to 18-20%
Three very bad years for bandhan, covid 1 and 2 and assam floods.
With their guidance of 20% RoE from next year it implies a valuation of ~12PE
https://www.youtube.com/embed/DLL89L5-LOo
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