Bandhan Bank - Assam Floods To Elongate Recovery Trajectory: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Bandhan Bank Ltd.'s stock has corrected sharply in recent days owing to concerns over its Assam portfolio as 85-90% of total districts in the state have been affected by severe floods. As Assam constitutes ~9% of micro finance institutions loans and ~8% of total banking units for Bandhan Bank, the ongoing flood situation will affect collection trends over the near term. Its special mention account book for Assam and West Bengal stands at 8.5%/8.2% (versus 46.4%/41.3% in Q1 FY22), with restructured assets of Rs 54.2 billion (5.8% of loans). We expect the stress dissolution rate to now moderate. Our profit after tax and accredited in business valuation projections have witnessed sharp swings of -24% to 22% over the past five quarters. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bandhan Bank - Assam Floods To Elongate Recovery Trajectory: Motilal Oswal

Bandhan Bank - Assam Floods To Elongate Recovery Trajectory: Motilal Oswal

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