CLSA has shared a positive outlook on Bandhan Bank, noting that key overhangs have been resolved, allowing the focus to return to the bank’s fundamentals. The near-term delinquency outlook for the microfinance institution (MFI) segment is benign, according to CLSA.
The brokerage believes that the recent developments are already factored into the bank’s estimates and current price, but today’s news is expected to lead to a rerating of the stock.
