Kolkata: The Board of Directors of Bandhan Bank Ltd., at a meeting held in Kolkata today approved its Financial Results for the quarter ended September 30, 2022. The accounts have been subjected to “Limited Review” by the statutory auditors of the bank.
Key Highlights:
Loan portfolio (on book + off book + TLTRO + PTC) grew 17.4% YoY
Deposits grew 21.3% YoY
CASA grew 10.9% YoY; CASA ratio at 40.8% against 44.6% YoY
GNPA as on September 30, 2022 improved to 7.19% against 10.8% as on September 30, 2021
Net NPAs as on September 30, 2022 improved to 1.86% against 3.04% as on September 30, 2021
PCR % at 75.5% as on September 30, 2022 against 74.1% as on September 30, 2021
Capital Adequacy Ratio (CRAR) at 19.4%; Tier I at 18.4% ; CRAR (including profit) at 20.5%
NIM stands at 7.0%
ROA & ROE (annualized) for Q2 FY 23 stands at 0.6% and 4.5% respectively.
Highlights for the Quarter ended September 30, 2022:
Net Interest Income (NII) for the quarter grew by 13.3% to Rs. 2,193.0 crore as against Rs. 1,935.4 crore in the corresponding quarter of the previous year.
Total Advances (on book + off book + TLTRO + PTC) grew by 17.4% to Rs. 95,834.9 crore as on September 30, 2022 against Rs. 81,661.2 crore as on September 30, 2021.
Total Deposits increased by 21.3% to Rs. 99,365.8 crore as on September 30, 2022 as compared to Rs. 81,898.3 crore as on September 30, 2021.
Gross NPAs as on September 30, 2022 is at Rs. 6,853.9 crore (7.2%) against Rs. 6,967.5 crore (7.3%) as on June 30, 2022 and against Rs. 8,763.6 crore (10.8%) as on September 30, 2021.
Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “As we enter the H2 FY23, the focus shifts on growth and with pandemic related stress is phasing out, we look forward to end the FY23 on a high note.” Banking outlets as on September 30, 2022, stood at 5,646. The network consists of 1,190 branches, 4,456 banking units as against 1,168 branches and 4,450 banking units as on September 30, 2021. Total number of ATMs stood at 432 as on September 30, 2022 against 487 as on September 30, 2021. During the quarter, the number of employees of the bank has gone up from 61,247 to 64,078.
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