Bandhan Bank - Portfolio, Geographical Diversification Are Core Strategic Priorities: ICICI Securities
Bank's strategic priorities include portfolio diversification, geographical diversification and focus on granular deposits.
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.
ICICI Securities Report
The senior management team of Bandhan Bank Ltd. during its analyst day yesterday articulated its strategy on portfolio diversification, geographical expansion and future growth along with delinquency and provisioning assessment for H2 FY23.
Most importantly, it has set expectations of another Rs 15 billion in credit cost for H2 FY23 and normalisation thereafter.
Overall, Bandhan Bank is looking at 20-25% asset growth, steady-state credit cost of 180 basis points, ‘opex to assets’ at ~3% and return on assets in the 2.8-3.2% range.
Click on the attachment to read the full report:
DISCLAIMER
This 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.