| While there is some concern that smaller companies will find it harder to operate in an economy that is slowing down, the management says the portfolio is a seasoned one and appears confident of maintaining the quality of credit. |
| The bank's Tier I capital adequacy ratio now stands at a much lower 9.93 per cent, down from 10.2 per cent in March 2008 and 13 per cent post its equity issue about a year back. However, an equity dilution is unlikely before FY11. At the current price of Rs 636, the stock trades at around 2.4 times estimated FY 09 book value. |
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