In risks – you should add the constant need for raising equity and diluting the EPS – cause it will be tough to raise capital from market otherwise. They probably cant exceed 4x leverage while the competitors can do 6-7x leverage. That is one of the reasons ROE is suppressed.
Promoters selling of their stake in the open market is another dampener.
Also most of the disbursements have been in the last tow years. Too soon to read too much into their GNPA numbers.
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