Bandhan Bank announced Q4FY23 & FY23 results: Q4FY23: Profit after Tax (PAT) for Q4FY23 grew by 177.7% to Rs 808 crore as against Rs 291 crore sequentially Net Interest Income (NII) for Q4FY23 grew by 18.8% to Rs 2,472 crore vs Rs 2,080 crore in Q3FY23 Non-interest income declined by 39% to Rs 629 crore for Q4FY23 against Rs 1,033 crore in Q3FY23. Other income in Q3FY23 includes Rs 414 crore of income on sale of technical write-off portfolio to ARC Operating Profit for Q4FY23 decreased by 6.6% to Rs 1,796 crore against Rs 1,922 crore in Q3FY23 Net Interest Margin (annualised) for Q4FY23 stood at 7.3% against 6.5% in Q4FY22 Loan portfolio (on book + off book + TLTRO + PTC) grew ~10% YoY Deposits grew ~12% YoY CASA ratio at 39.3% against 41.6% YoY and 36.4% QoQ ROA & ROE (annualized) for Q4FY23 stands at 2.2% and 17% respectively FY23: Net Interest Income (NII) for FY23 grew by 6.3% to Rs 9,260 crore as against Rs 8,714 crore in FY22 Non-interest income declined by 12.5% to Rs 2,469 crore for FY23 against Rs 2,823 crore in FY22 Operating profit for FY23 decreased by 11.5% to Rs 7,091 crore against Rs 8,013 crore in FY22 Net Interest Margin (annualised) for FY23, stood at 7.2% against 8.2% in FY22 Total advances (on book + off book + TLTRO + PTC) grew by 10% to Rs 1,09,122 crore as on March 31, 2023, against Rs 99,338 crore as on March 31, 2022 Total deposits increased by 12% to Rs 1,08,069 crore as on March 31, 2023, as compared to Rs 96,331 crore as on March 31, 2022 Gross NPAs as on March 31, 2023, is at Rs 5,299 crore (4.9%) against Rs 6,380 crore (6.5%) as on March 31, 2022 Net NPAs as on March 31, 2023 stood at Rs 1,228 crore (1.2%) against Rs 1,564 crore (1.7%) as on March 31, 2022 GNPA as on March 31, 2023, at 4.9% against 6.5% as on March 31, 2022 Net NPAs as on March 31, 2023, at 1.2% against 1.7% as on March 31, 2022 Capital Adequacy Ratio (CRAR) at 19.8%; Tier I at 18.7% PCR improved to 76.8% as on March 31, 2023, from 75.5% as on March 31, 2022 Board has proposed a dividend of Rs 1.50 per share Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The bank registered good growth in the fourth quarter with EEB business coming back to normalcy. We are building new capabilities to unlock greater business impact. Our new business streams such as Commercial Vehicle Lending, Loans against Property for Business, Government Business Operations, among others, will add to the top line as well as the bottom line over the next few quarters. We have been fortunate to earn the trust of more than 3 crore Indians and we will endeavor to continue to be their trusted partner in their journey to achieve their dreams.” Result PDF