Conference Call with Bandhan Bank Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Banking firm Bandhan Bank declares Q3FY22 result: Bandhan Bank Net Profit grows 35.7% (YoY) in Q3 FY22 to Rs 859.0 crore from Rs 632.6 crore in Q3 FY21 Loan portfolio (on book + off book + TLTRO + PTC) grew 9.6% YoY Deposits grew 18.7% YoY CASA grew 26.2% YoY; CASA ratio at 45.6% against 42.9% YoY GNPA as on December 31, 2021 at 10.81% against 10.82% as on September 30, 2021 Net NPAs as on December 31, 2021 at 3.01% against 3.04% as on September 30, 2021 Capital Adequacy Ratio (CRAR) at 20.0%; Tier I at 19.0% NIM stands at 7.8% There is no restructuring done during the quarter Despite technical write off of Rs 12 bn during the quarter, PCR improved from 74.1% as on September 30, 2021 to 74.4% as on December 31, 2021 ROA & ROE (annualized) for Q3 FY 22 stands at 2.8% and 22.2% respectively Net Interest Income (NII) for the quarter grew by 2.6% to Rs 2,124.7 crore as against Rs 2,071.7 crore in the corresponding quarter of the previous year. Non-interest income grew by 26.7% to Rs 712.3 crore for the quarter ended December 31, 2021 against Rs 562.3 crore in the corresponding quarter of the previous year. Operating Profit for the quarter increased by 1.4% to Rs 1,950.1 crore against Rs 1,923.1 crore in the corresponding quarter of the previous year. Net Interest Margin (annualised) for the quarter ended December 31, 2021 stood at 7.8% against 7.6% in September 30, 2021. Total Advances (on book + off book + TLTRO + PTC) grew by 9.6% to Rs 87,997.7 crore as on December 31, 2021 against Rs Rs 80,255.2 crore as on December 31, 2020. Total Deposits increased by 18.7% to Rs 84,499.8 crore as on December 31, 2021 as compared to Rs 71,188.3 crore as on December 31, 2020. Gross NPAs as on December 31, 2021 is at Rs 9,441.6 crore (10.81%) against Rs 8763.6 crore (10.82%) as on September 30, 2021. Net NPAs as on December 31, 2021 stood at Rs 2,413.1 crore (3.01%) against Rs 2,265.8 crore (3.04%) as on September 30, 2021. Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “We have seen all round recovery during the quarter with improved collection and increase in disbursement. Q4 historically has been the best quarter for the Bank and we are positive of our business going forward. With Group loan share in total advances reduced to 52%, Bank is on track to achieve the diversification strategy which it had laid down for FY 25” Result PDF