Bandhan Bank announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: The Bank’s net revenue as of Q2FY25 was Rs 3,543 crore as compared to Rs 2,984 crore in Q2FY24; a growth of 19%. Net interest income (NII) as of Q2FY25, stood at Rs 2,948 crore compared to Rs 2,443 crore as of Q2FY24, representing a growth of 21%. Net Interest Margin (NIM) for the quarter was 7.4% compared to 7.2% in Q2FY24. Operating Profit was Rs 1,855 crore in Q2FY25 compared to Rs 1,583 crore in Q2FY24, up 17% The provisions (other than tax) & contingencies charged to the Profit and Loss for Q2FY25 were at Rs 606 crore compared to Rs 636 crore in Q2FY24. The profit after tax for the quarter ended Sept 30, 2024, stood at Rs 937 crore compared to Rs 721 crore, registering a growth of 30% YoY; Bank’s RoA stood at 2.1% and RoE at 15.8% for the quarter (annualised basis). Asset Quality: The collection efficiency for EEB loans was marginally lower at 98.1% for Q2FY25. The bank's Gross Non-Performing Assets (GNPA) has improved YoY to 4.7% in Q2FY25 compared to 7.3% in Q2FY24. Net NPA improved to 1.3% in Q2FY25 vs 2.3% in Q2FY24. Provision Coverage Ratio as of Sept 30, 2024, is 73.5% vs. 70% in the previous year. Deposits: As of Sept 30, 2024, total deposits stood at Rs 1.43 lakh crore as against Rs 1.12 lakh crore in the previous year – a growth of 27% YoY and 7% QoQ. CASA Deposits stood at Rs 47,283 crore and CASA Ratio stood at 33.2%. CASA + Retail TD to total deposit ratio stands at 68%. Advances: As of Sept 30, 2024, Gross Advances stood at Rs 1.31 lakh crore as against Rs 1.08 lakh crore in the previous year – a growth of 21% YoY and 4% QoQ. On a YoY basis, Retail book (other than housing) grew 92%, Commercial Banking grew 40%, EEB grew 11% and the Housing book showed a growth of 17%. H1FY25 Financial Highlights: The Bank’s net revenue as of H1FY25 was Rs 7,075 crore as compared to Rs 5,859 crore in H1FY24; a growth of 21% Net interest income (NII) as of H1FY25, stood at Rs 5,953 crore compared to Rs 4,934 crore as of Q2FY24; a growth of 21% Operating Profit was Rs 3,796 crore in H1FY25 compared to Rs 3,146 crore in H1FY24, up 21% The provisions (other than tax) & contingencies charged to the Profit and Loss for H1FY25 were at Rs 1,129 crore compared to Rs 1,238 crore in H1FY24 The profit after tax for the six months ended September 30, 2024, stood at Rs 2,001 crore compared to Rs 1,442 crore, registering a growth of 39% YoY. The Bank’s RoA stood at 2.3% and RoE at 17.3% for the half year (annualised basis) As of Sept 30, 2024, the Bank’s capital adequacy ratio including profits stood at 15.6% as against a regulatory requirement of 11.5%. Ratan Kumar Kesh, MD & CEO, Bandhan Bank, said: "Bandhan Bank's strong performance in the second quarter reflects the momentum in quality growth with our focus on effective risk management and compliance. Our success is anchored in the trust of our customers and the dedication of our employees. By focusing on innovation in technology, refining our processes, and enhancing products and people capabilities, we are well-positioned to drive the next phase of growth for Bandhan Bank 2.0." Result PDF