GOLDMAN SACHS ON BANDHAN BANK
• Maintains NEUTRAL with a target price of Rs 180
Reiterates FY27 loan growth guidance of 15-17% • Plans to watch macro trends in H2FY27 before accelerating MF growth • Expects NIMs to remain steady in the near term but moderate over the next few years • Maintains credit cost guidance at 1.6- 1.8°% by FY27-end • Expects medium-term RoA at 1.2-1.4%
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