Bandhan Bank faces deep cuts in price targets, earnings estimates due to Covid risks

Elara Capital said while Bandhan’s liability franchise and pre-provision operating profit are robust, it expects short-term challenges in Assam and West Bengal, the two markets that account for 55 per cent of MFI loans, to put pressure on the stock’s valuations.

from Stocks-Markets-Economic Times https://ift.tt/3hsKg8h