Bandhan Bank announced Q3FY23 results: Key Highlights: Loan portfolio (on book + off book + TLTRO + PTC) grew 11.1% YoY Deposits grew 21.0% YoY GNPA in Q3FY23 improved to 7.2%, against 10.8% in Q3FY22 Net NPAs in Q3FY23 improved to 1.9%, against 3.0% in Q3FY22 PCR % at 75.4% in Q3FY23, against 74.4% in Q3FY22 Capital Adequacy Ratio (CRAR) at 19.1%; Tier I at 18.1%; CRAR (including profit) at 20.6% PPOP for Q3FY23 increased 23.8% QOQ from Rs 1,553 crore in Q2FY23 to Rs 1,922 crore in Q3FY23 Cost to income ratio stands at 38.3% in Q3FY23, as against 41.8% in Q2FY23. Q3FY23: Total Advances (on book + off book + TLTRO + PTC) grew by 11.1% to Rs 97,787.1 crore as on Q3FY23, against Rs 87,997.7 crore as on Q3FY22 Total deposits increased by 21.0% to Rs 1,02,283.2 crore in Q3FY23, as against to Rs 84,499.8 crore in Q3FY22. Gross NPAs in Q3FY23 at Rs 6,964.8 crore (7.2%), against Rs 6,853.9 crore (7.2%) as on Q3FY23, and against Rs 9,441.6 crore (10.8%) in Q3FY22. Speaking on the results, Chandra Shekhar Ghosh, MD & CEO, said, “The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of asset quality and stress, we see the worst is behind us and expect overall business momentum to remain robust from Q4 FY23 onwards. The bank’s diversification agenda is well on track and with the operating environment being favourable, the bank is well poised for its next phase of growth. Banking outlets as on December 31, 2022, stood at 5,723. The network consists of 1,250 branches, 4,473 banking units as against 1,176 branches and 4,450 banking units as on December 31, 2021. During the quarter, the number of employees at the bank has gone up from 64,078 to 66,114." Result PDF