Bandhan Bank :
The stock of Bandhan Bank is currently under a lot of pressure due to various conflicting signals. The following are the main points to keep in mind while analyzing the stock:
A forensic audit of Bandhan Bank’s whole credit guarantee portfolio has been initiated by the NCGTC. The NCGTC has carried out initial sample audits but has decided to carry out a thorough audit of claims as well.
The bank claims that their asset quality is good but regulators have some concerns that need to be clarified.
The outcome of this audit will decide the future of the bank.
Bandhan Bank has shown some promising financial results in the last couple of years. The bank’s revenues have almost doubled in the last two years.
Institutional investors have also increased their position in the bank which is considered positive.
The uncertainty surrounding the outcome of this audit has caused a lot of market speculation.
Investors should be prepared for losses if negative findings are made.
While the bank’s asset quality is not bad, any fraudulent activities on its books could be a major issue.
If you want to make smart investment choices, reduce your Bandhan Bank exposure if it is a large part of your portfolio. It is not recommended to down-grade in this case.
All in all, while Bandhan Bank’s future is still in the balance, it is important to keep an eye on the situation and monitor developments carefully before making any big investment decisions.
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