During the quarter, Bandhan’s NIM remained stable at 7.6% QoQ. The assets under management (AUM) and deposit growth showed a YoY increase of 22-23%. Asset quality improved as the net non-performing loan (NPL) ratio stayed unchanged at 1.2% QoQ, despite the gross NPL ratio rising by 40 basis points (bps) to 4.2% QoQ. Additionally, slippages decreased to 2.9%.
Why India’s AMC business could be entering a long growth phase? Aditya Kondawar explains
ICICI Prudential AMC’s listing sparks debate on valuation premiums over HDFC AMC, with both managing similar assets. While ICICI Prudential shows stronger operating profits due