We are elated to share with you all that we have crossed a significant milestone. This report marks half a century of data crunching, flipping hundreds of pages of annual reports. We present to you the 50th Equity Report of VittNivesh.
Today’s company to be analyzed is Bandhan Bank Limited.
Bandhan started in 2001 as a non-profit enterprise providing microloans. Thereafter, in 2006, Bandhan acquired an NBFC to scale its operation in the microfinance sector and in June 2015 received a universal banking license from Reserve Bank of India.
Bandhan Bank stands at a market capitalization of 53,287.18 crores, and the bank seems to be optimistic in terms of its operation as the microfinance sector in India is growing at 30% y-o-y in 2020.
The Indian banking sector has encountered many reforms in the past five years. We have analyzed some of the crucial challenges and how they dealt with it.
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