Two stock recommendations by MarketSmith India:
Buy: Bandhan Bank Ltd (current price: ₹217)
Why it’s recommended: Strong retail-focused banking model, large customer base in underserved markets, strong deposit growth potential, expanding retail loan portfolio, beneficiary of financial inclusion trend, improving diversification beyond microfinance, growing CASA franchise, strong branch network, improving operational efficiency, healthy capital adequacy, digital banking initiatives, strong brand in eastern India, opportunity to improve asset quality, attractive valuation versus peers, and long-term growth runway.
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