I agree, Good times and good price don’t come together.
but Small Finance banks are cyclical in nature if any unforeseen event happens like natural calamity, etc… the banks has no other option than writing off the asset. I believe what ever they have written off for this quarter and going to write off for the next one or tow quarters. it is already discounted in the price and have sufficiently provisions for it.
the company’s topline has been growing consistently every year, there has been no Year they have posted a loss.
positives in my opinion,
→ Good Management.
→ might get universal banking license in the coming year.
->Long-term growth is intact.
Disc :- invested from the recent lower levels.
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