Bandhan Bank Q1 update: Net profit zooms to ₹886.5 cr; advances, deposits rise 20% | Mint
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Business News/ Companies / Company Results/  Bandhan Bank Q1 update: Net profit zooms to 886.5 cr; advances, deposits rise 20%
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Bandhan Bank Q1 update: Net profit zooms to ₹886.5 cr; advances, deposits rise 20%

Bandhan Bank Q4 results: The bank's net non-performing assets as on 30 June, 2022 improved to 1.92% as against 3.29% as of 30 June last year

Bandhan Bank released its results for the quarter ended 30 June, 2022.Premium
Bandhan Bank released its results for the quarter ended 30 June, 2022.

Private lender Bandhan Bank on Friday shared its business update for the three months ended June quarter and financial year 2022-23, the bank said in a regulatory filing.

The bank's net profit jumped 137% to 886.5 crore during the quarter under review. The bank had posted a net loss of 373.1 crore in the year-ago quarter.

The Net Interest Income (NII) for the June quarter grew by 18.9% to 2,514.4 crore as against 2,114.0 crore in the corresponding quarter of the previous year.

Total advances grew by 20.3% to 96,649.7 crore as on 30 June, 2022 against 80,357 crore for the same quarter last year.

The gross non-performing assets (GNPA) as on 30 June, 2022 improved to 7.25% as against 8.18% as of 30 June, 2021.

Total deposits in the April-June quarter increased by 20.3% YOY, as compared to 77,336 crore in year-ago period.

On Friday, Bandhan Bank shares closed 0.90% higher at 285.80 apiece on the NSE.

Other key highlights

- Loan portfolio (on book + off book + TLTRO + PTC) grew 20.3% YoY

- CASA grew 21.1% YoY; CASA ratio at 43.2% against 42.9% YoY

- Net NPAs as on June 30, 2022 improved to 1.92% against 3.29% as on June 30, 2021

- PCR % at 74.9% as on June 30, 2022 against 61.8% as on June 30, 2021

- Capital Adequacy Ratio (CRAR) at 19.4%; Tier I at 18.3% ; CRAR (including profit) at 20.4%

- NIM stands at 8.0%

- ROA & ROE (annualized) for Q1 FY 23 stands at 2.5% and 20% respectively.

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ABOUT THE AUTHOR
Meghna Sen
Business journalist tracking markets, companies, economy and crypto for Livemint. She has 6 years of experience with online and print publications. Email: meghnasen08@gmail.com
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Published: 22 Jul 2022, 03:30 PM IST
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