Goldman Sachs has provided positive commentary on Bandhan Bank, highlighting that the recent appointment of a new MD & CEO, along with the resolution of the CGFMU claim, has removed the near-term overhang for the bank. The focus now shifts to the bank’s core fundamentals.
The firm also noted that these developments have alleviated investor uncertainty surrounding the continuity in business momentum following the management change. This shift in focus to the bank’s fundamentals could provide more clarity on future growth prospects.
