Published: 07th Feb 2024
It is the fourth-largest small finance bank in deposit size and has 771 branches. It offers loans for agriculture, MSMEs, NBFCs, mortgage services, etc.
The bank has low regional dependence. The highest concentration of its business from a single state does not exceed 14 per cent.
High credit cost of 3.6 per cent, which reflects poor credit quality. It also has a historically low provision coverage ratio (three-year average) of 31.4 per cent.
Is the bank's price-to-book ratio lower than its peers' average level? Yes. It is valued at a price-to-book ratio of 1.4, lower than its peers' average level of 2.3.