Stock #1 Quarterly Update Q3FY25 - English

In this update, we examine our small finance bank pick, which saw a more than 4X increase in profit this quarter. However, it continues to lag on a YoY basis, primarily due to additional microfinance provisions and increased employee costs. We analyze the reasons behind these changes and explore management updates, particularly regarding their progress on acquiring a universal banking license. Stay tuned as we assess how these factors might influence the bank’s future growth and stability.