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%.
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% |
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