Bandhan Bank is on the right track but a long road
Shares of Bandhan Bank are down 5% in CY22 so far, when juicy net interest margins of many banks have fuelled a stellar 21.5% rally in the Nifty Bank index.
Bandhan Bank Ltd’s shareholders are going through a rough patch, as the lender continues to grapple with asset quality issues. Elevated exposure to West Bengal and Assam — two states severely impacted by the pandemic and floods — has weighed on bank’s collection efficiency in these states. Unsurprisingly,
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