The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

Bandhan Bank's strong asset quality and other reasons why it is stock pick of the week

Bandhan Bank's strong asset quality and other reasons why it is stock pick of the week
Bandhan Bank's strong asset quality and other reasons why it is stock pick of the week
The bank managed to sail through the current crisis due to its low cost of funds and high asset quality.

Synopsis

Bandhan Bank’s collection which crossed 92% mark in September is expected to reach normalcy in the coming months. The bank’s strong asset quality with gross and net NPA ratios at 1.43% and 0.48% respectively has made it a favourite of analysts.

While the market is avoiding small banks and micro finance institutions (MFI) due to uncertainties about the moratorium, analysts are getting bullish on one of the MFI, Bandhan Bank. The reason behind this is improvement in the bank’s collection which crossed 92% mark in September and is expected to reach normal levels soon. The Kolkata headquartered bank had handled the earlier crises like demonetisation and GST implementation well and was able
Share This Article
  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

To Read the Full Story, Become an ET Prime Member

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Access the exclusive Economic Times stories, Editorial and Expert opinion

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads
  • Comment & Engage with ET Prime community
  • Exclusive invites to Virtual Events with Industry Leaders
  • A trusted team of Journalists & Analysts who can best filter signal from noise
The Economic Times