Technology

Outlook & Valuation: At the current market price, the bank’s core banking
business (after adjusting the value of subsidiaries) is trading at 2.1x FY2021E
ABV. Key parameters to watch for the next few quarter are slippages from
corporate book and addition to BB & Below book. We recommend a HOLD on
the stock with a Target Price of `590.

Download Full Report View Full Report in Browser