(Opinion) Is Bandhan Bank not worth investing?
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These days there has been a lot of -vity around bandhan bank after its CEO and MD and Founder resignation.
What could be its fate?
Will it be next yes bank?
Has some fraud happened in it, it was around 600 levels some years back?
(Seeking opinions as I was looking at its chart and quarterly earning also looks ok )
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Fundamentals aren't in favour as loan book concentration is high on microfinance -high risk category and this after 10s of quarter of being a full bank....& RBI isn't also have a good feeling about this so fundamentallly it's not a good bet as per this view as you recently saw what RBI can do if it doesn't seem something fit....and recent rejections of full banking licence also had highlighted this issue as a reason....That's my personal view.and DYOR
https://www.businesstoday.in/industry/banks/sto...
RBI moves in as a board director 🤣
Why do you want to invest money in this stock when the market is at an all time high and this stock is at its 5 years low?
Don't compare this stock with Hdfc and Kotak Bank Non Performance during the past 2-3 years. These 2 banks made consistent money for the past 20 Years.