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Bandhan Bank Q3 PAT up 35.8% at Rs859cr on sharp fall in loan loss provisions

23 Jan 2022 , 05:19 PM

CS Ghosh and Bandhan Bank Logo
Bandhan Bank Ltd reported 6.48% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs4,121cr. On a sequential basis, the revenues were higher for the quarter by 11.13%.

During the quarter, the bank saw good traction in retail banking while top line and operating profit in treasury and corporate banking remained under stress.

Loan portfolio grew 9.6% in the quarter. CASA has improved from 42.9% to 45.6% yoy. Net interest income or NII was up 2.6% yoy at Rs2,125cr. Advances grew 9.7%, deposits 18.7%.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 35.79% at Rs859cr. Net interest margins or NIM improved yoy from 7.6% to 7.8%.

Gross NPAs were flat at 10.81% while net NPAs stood at 3.01%. CRAR at 20% is comfortable. Provisions fell sharply to Rs806cr compared to Rs5,613cr in the sequential quarter.

PAT margins were higher from 3.92% in Dec-20 to 5.33% in Dec-21 quarter. The company reported cost to income ratio 31.3%, ROE of 22.2% and Return on assets at a healthy 2.8%. Gros NPAs are elevated.

Financial highlights for Dec-21 compared yoy and sequentially

Bandhan Bank
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 4,121 ₹ 3,870 6.48% ₹ 3,708 11.13%
Net Profit (Rs cr) ₹ 859 ₹ 633 35.79% ₹ -3,009 -128.55%
Diluted EPS (Rs) ₹ 5.33 ₹ 3.92 ₹ -18.68
Net Margins 20.84% 16.35% -81.14%

Related Tags

  • Bandhan Bank management
  • Bandhan Bank news
  • Bandhan Bank Q3
  • Bandhan Bank Q3FY22 Banking business
  • Bandhan Bank Q3FY22 PAT
  • Bandhan Bank Q3FY22 Result
  • Bandhan Bank quarterly results
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