Wonderful data …Expenses which are controllable are stable ( good sign)…being conservative is basic requirement for a bank and CUB is steadfast on the same…restructuring record during lehman is comforting…past is a great indicator for the future performance especially in case of banks…anyways they are gradually making an attempt to get into other areas like retail etc that too in a conservative way ( max 15% loan book in 5 years)…fee income avenues shall rise plus casa also may raise as the suite of retail products increase…using tech to reduce TAT is also great as it improves the processing capacity efficiency…Risks being new CEO selection , track record says that CUB is always good at recruiting CEOs from internal candidates ( very less CEOs in its entire history)…so if the CEO is from outside then it shall be untested waters…
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