Credit Suisse on Bandhan Bank:


Research house upgraded the stock to outperform and raised the target price to Rs 390 per share.

Assam MFI bailout package to aid recoveries & credit costs as it accounts for 12% of MFI loans for the company, said Credit Suisse.

Over 25% of Assam exposure written off which could see recoveries.

The potential stress from the second wave will keep slippages elevated and expect credit costs to moderate to 3% in FY22 versus 6% in FY21, it added.

News source:- Moneycontrol

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