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%.
Broad-based market rally unlikely without FPI flows & stronger growth: Nilesh Shah
The broad-based rally at least at this point of time looks difficult, unless and until it is supported by growth or it is supported by