A further fundamental update here. I like posting in this thread, given it gives you flexibility to keep updating
The big overhang on the perception is gone:- MD to continue and ensures stability at the bank.
Let’s see what the seasonally strong H2 has in store for us.
Disc: invested and observing.
On the other one, South Indian Bank reported 18% Gross advances growth in a seasonally weak quarter for Corporate loans.
In context Federal reported 19% and Karnataka bank, barely 8%.
MD’s guidance for growth has been 10-15%. Have outperformed their own guidance.
Attention is fully focused on write backs if they happen and the slippages the bank reports going forward.
Disclosure: invested.
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