External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Bandhan Bank Bandhan Bank (BANDHAN) reported a healthy beat on PAT at INR10.6b (+47.5% YoY) fueled by controlled opex and provisions.</li><li>NII grew 20.7% YoY to INR30.1b (in line).</li><li>Margin was stable QoQ at 7.6%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Bandhan Bank (BANDHAN) reported a healthy beat on PAT at INR10.6b (+47.5% YoY) fueled by controlled opex and provisions.NII grew 20.7% YoY to INR30.1b (in line).Margin was stable QoQ at 7.6%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank - Business Gaining Normalcy; Lower Provisions Drive Earnings Beat

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bandhan’s advances grew by 22% YoY and were flat QoQ (better performance in a seasonally weak quarter vs the historical trend of sharper QoQ de-growth in Q1).</li><li>Credit growth was led by the non-EEB segments (+23/3% YoY/QoQ), while EEB de-grew by 1% QoQ. Deposits grew by 23% YoY but de-grew by ~1.5% QoQ.</li><li>This was owing to a sharp decline in CASA Deposits (-11% QoQ). CASA Ratio stood at 33.4% vs 36/37.1% YoY/QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan’s advances grew by 22% YoY and were flat QoQ (better performance in a seasonally weak quarter vs the historical trend of sharper QoQ de-growth in Q1).Credit growth was led by the non-EEB segments (+23/3% YoY/QoQ), while EEB de-grew by 1% QoQ. Deposits grew by 23% YoY but de-grew by ~1.5% QoQ.This was owing to a sharp decline in CASA Deposits (-11% QoQ). CASA Ratio stood at 33.4% vs 36/37.1% YoY/QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Mr Chandra Shekhar Ghosh has resigned from the post of MD &amp; CEO of the bank with the intent to retire and assume a more strategic role at Bandhan HoldCo. level.</li><li>This development comes shortly after the board had recently approved the extension of Mr Ghosh’s term as MD CEO for another 3 years in Nov’23.</li><li>The bank has set up an internal search committee to identify a new MD CEO.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mr Chandra Shekhar Ghosh has resigned from the post of MD &amp; CEO of the bank with the intent to retire and assume a more strategic role at Bandhan HoldCo. level.This development comes shortly after the board had recently approved the extension of Mr Ghosh’s term as MD CEO for another 3 years in Nov’23.The bank has set up an internal search committee to identify a new MD CEO.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Ltd - MD CEO’s Resignation Raises Concerns on Future Prospects!

<ul><li>Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ (growth mainly in Individual portfolio +2/6% YoY/QoQ).</li><li>Advances grew by 19/8% YoY/QoQ. MFI, Housing, Commercial, and Retail grew by 10/7% YoY/QoQ, 6/6% YoY/QoQ, 60/9% YoY/QoQ, and 70/15% YoY/QoQ.</li><li>Share of EEB book was steady at 50% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ (growth mainly in Individual portfolio +2/6% YoY/QoQ).Advances grew by 19/8% YoY/QoQ. MFI, Housing, Commercial, and Retail grew by 10/7% YoY/QoQ, 6/6% YoY/QoQ, 60/9% YoY/QoQ, and 70/15% YoY/QoQ.Share of EEB book was steady at 50% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan Bank Ltd. - Soft Quarter; Asset Quality Improving Slowly!

<ul><li>Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ.</li><li>This was led by the EEB segment growing at 5% QoQ (flat YoY) and the nonEEB book growing healthily at 28/3% YoY/QoQ.</li><li>Disbursements rebounded after a seasonally weak Q1 and grew by 26/75% YoY/QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ.This was led by the EEB segment growing at 5% QoQ (flat YoY) and the nonEEB book growing healthily at 28/3% YoY/QoQ.Disbursements rebounded after a seasonally weak Q1 and grew by 26/75% YoY/QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Bandhan Bank Ltd. is an Indian private sector bank that provides a range of banking and financial services to personal and business customers, with a core focus on inclusive banking for unbanked and under-banked populations. The bank offers various asset and liability products including savings and current accounts, fixed deposits, and loans for home, gold, personal, and businesses, as well as digital banking and third-party product distribution. It was founded in 2001 as a microfinance institution and commenced operations as a universal bank on August 23, 2015, with its headquarters in Kolkata, India.

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Bandhan Bank (BANDHAN IN)

Bandhan Bank - Business Gaining Normalcy; Lower Provisions Drive Earnings Beat

Bandhan Bank Bandhan Bank (BANDHAN) reported a healthy beat on PAT at INR10.6b (+47.5% YoY) fueled by controlled opex and provisions.

Motilal Oswal

Bandhan Bank Ltd. - Good Quarter

Bandhan’s advances grew by 22% YoY and were flat QoQ (better performance in a seasonally weak quarter vs the historical trend of sharper QoQ de...

Axis Direct

Bandhan Bank Ltd - MD CEO’s Resignation Raises Concerns on Future Prospects!

Mr Chandra Shekhar Ghosh has resigned from the post of MD & CEO of the bank with the intent to retire and assume a more strategic role at Bandhan...

Axis Direct

Bandhan Bank Ltd. - Soft Quarter; Asset Quality Improving Slowly!

Disbursements grew by 15/4% YoY/QoQ, driven by non-EEB disbursements (+14/7% YoY/QoQ), while EEB (MFI) disbursements grew by 15/3% YoY/QoQ

Axis Direct

Bandhan Bank Ltd - Asset Quality Weak

Bandhan reported a sequential improvement in credit growth,with advances growing at 12/4% YoY/QoQ. This was led by the EEB segment growing at 5%...

Axis Direct

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