Bandhan Bank announced Q1FY24 results: Deposits grew 16.6% YoY at Rs 1.08 lakh crore Loan portfolio (on book + off book + TLTRO + PTC) grew 6.7% YoY at Rs 1.03 lakh crore Total Credit Cost as on June 30, 2023, was 2.4% compared 2.7% as on June 30, 2022. CASA deposits at Rs 39,077 crore; CASA ratio at healthy 36% GNPA as on June 30, 2023, improved to 6.76% against 7.25% as on June 30, 2022 Net NPAs as on June 30, 2023, stood at 2.18% against 1.92% as on June 30, 2022 Net Interest Income at Rs 2,491 crore in Q1FY24 vs Rs 2,514 crore in Q1FY23 PCR% at 69.2% as on June 30, 2023. Capital Adequacy Ratio (CRAR) at 19.8%; Tier I at 18.8%; CRAR (including profit) at 20.5% NIM stable QoQ, stands at 7.3% ROA & ROE (annualized) for Q1FY24 stands at 1.9% and 14.4%, respectively. The Commercial Banking book grew by 78% YoY Retail Loan books other than housing finance book grew by 86.5% Housing Finance Book grew by 9.5% Our collection efficiency for the EEB book stands at 98%, However, Assam & WB collection efficiency is at 99% In line with our diversification agenda, banks’ presence outside of the East region is more than 50% Commenting on the performance, Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “This quarter’s performance indicates that the bank is on a stable growth path. The Bank has also made significant progress in diversifying its asset book. Our investment in people, Technology, IT & expansion over the last few quarters will surely improve the performance of the bank.” Result PDF