Bandhan Bank’s weak Q1 is a warning on microfinance2 min read . Updated: 16 Jul 2021, 10:32 AM IST
- Bandhan Bank’s metrics don’t impress even with the optical benefit of a low base. It reported an 8% contraction in its loan book sequentially and a modest 7.8% year-on-year loan growth
Investors of Bandhan Bank, micro-lender turned full-service bank, will need to watch out for additional pain on asset quality as a sharp fall in collection efficiency during the June quarter doesn’t bode well. The lender’s metrics also confirm worries about the severe impact of the second wave on the microfinance segment.
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