Key Highlights : Bandhan Bank Total Income grew 6.0% in Q2 FY22 to Rs 24.3 bn Total Collection Efficiency for EEB portfolio of Q2FY21-22 at 111% Taken accelerated additional provision of Rs 36 bn in Q2 FY21-22 in addition to restructured provision of Rs 10.3 bn Loan portfolio (on book + off book + TLTRO + PTC) grew 6.6% YoY Deposits grew 23.9% YoY. CASA grew 44.6% YoY; CASA ratio at 44.6% against 38.2% YoY. GNPA as on September 30, 2021 at 10.8% against 8.2% as on June 30, 2021. Net NPAs as on September 30, 2021 at 3.0% against 3.3% as on June 30, 2021. Capital Adequacy Ratio (CRAR) at 20.44%; Tier I at 19.48%. NIM stands at 7.6% During Q2FY21-22, restructured EEB Portfolio worth of Rs 34.9 bn and non-EEB portfolio worth of Rs 2.68 bn totaling to Rs 37.58 bn During the quarter, bank have made accelerated provision on NPA accounts of Rs 15 bn resulting in PCR of 74% as against 62% in Q1FY22. In addition to this Bank has also provided additional standard assets provision amounting to Rs 21 bn and provision on restructured assets amounting to Rs 10.3bn amounting to total of Rs 46.3 bn Commenting on the performance, Mr. Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank said: “During the quarter we have seen substantial recovery in collections as the second wave of covid subsided. We have recognized the stress pool and proactively taken additional requisite provisions such as to meet any contingency requirements and to look forward to do business on a clean slate. This has resulted in loss for the quarter. However, it will help us to concentrate on fresh business growth and to concentrate towards achieving our long term goals with renewed energy. We have envisaged to diversify our portfolio both in terms of products and geographies; for which we have already worked in that direction and expect the results soon. We are confident of achieving our normal business growth very soon; provided no further covid related disruptions occur.” Result PDF