Neha Dave
Moneycontrol Research
Highlights:
- Merger with Gruh Finance adds to Bandhan Bank’s solid Q2 performance
- Strong growth in advances, deposit base scaling up well
- Best in class margins , low cost structure
- Stable asset quality and superior return profile
- Premium valuation for a reason, but leaves no room for error
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Bandhan Bank reported strong September quarter earnings with net profit almost doubling from a year ago and solid loan growth. Bear in mind that the reported numbers for the quarter take into account
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