Bandhan Bank Ltd. share price target

Bandhan Bank operates as a commercial bank which provides checking accounts, savings deposits and money market, mortgage and term loan services. It also offers card facilities and internet banking services. Bandhan...

AUM growth of the merged entity came in at 83.8% YoY to | 65456 crore. Excluding Gruh Finance, loan growth was at 33% YoY, a tad lower compared to previous run rate. Traction in micro finance (~61% of merged AUM) was a tad lower compared to previous run rate at 30% YoY to | 40100 crore. Growth in non-micro finance book (excluding Gruh Finance) continued to remain strong at 54% YoY. Customer acquisition continued to remain healthy YoY as the bank added ~7.3 lakh in Q3FY20 (10 lakh customers in Q2FY20). Accordingly, total customer base was at 1.9 crore....

Bandhan Bank operates as a commercial bank which provides checking accounts, savings deposits and money market, mortgage and term loan services. It also offers card facilities and internet banking services. Bandhan...

Bandhan Bank was incorporated on December 23, 2014 as a wholly-owned subsidiary of Bandhan Financial Holding. Bandhan Financial Holding is owned by Bandhan Financial Services. Bandhan Bank received the in-principle approval of the Reserve Bank of India for setting up universal bank in April 2014. Bandhan began operations on August 23, 2015 when Bandhan Financial Services (BFSL), its parent company, transferred its entire microfinance business to them. Bandhan Bank started with 501 branches, 50 ATMs and 2,022 door step services centres on day one. Presently, Bandhan Bank has 3,948 touch points pan India consisting of 986 bank branches, 3014 door step services centres and...

Merged AUM grew 24% YoY to | 64186 crore. Excluding Gruh Finance, AUM growth came in at 38% YoY. Healthy traction continued in micro finance segment (~61% of merged AUM) at 35.3% YoY to | 39197 crore, while non-micro finance book (excluding Gruh Finance) growth came in at 53% YoY. Customer acquisition continued to remain healthy YoY as the bank added ~10 lakh customers. Accordingly, the total customer base was at 1.8 crore. Deposit accretion continued to remain healthy at 49.3% YoY to | 49195 crore. Growth has been witnessed across low cost as well as term...

Bank started the year with phenomenal Q1 performance. Net profit jumped 46%. Total deposits surged 42% with Asset growth at 39.36%. Moreover, NII grew by 36%; NIM's was higher at 10.45%. With decline in provisions, bank has also maintained stable asset quality (GNPA & NNPA stood at 2.02% & 0.56%). Further, has added 7.08 lakh customers during Q1 to reach a total customer base to 17.27 million (Micro Banking- 13.58 million and Non Micro 3.69 million). Booked `0.93 Billion in Q1, as Income from PSLC of...

Bandhan Bank operates as a commercial bank. It provides checking accounts, savings deposits and money market, mortgage and term loan services. It also offers card facilities and internet banking services. Bandhan...

Bandhan Bank started financial year FY20 with an impressive set of numbers surpassing our estimates on all fronts. PAT during Q1FY20 grew by 46% yoy to Rs 701 cr vs. our estimate of Rs 591 cr, led by strong credit growth, stable margins and controlled cost. Loans (on book + off book) surged by 39% yoy while micro loans grew by 40%. Non-micro assets growth was at 36% yoy. Liabilities of the bank are gaining more traction with a deposit growth of 42% YoY. CASA ratio increased to 36.1% from 35.5% YoY, retail deposits to total deposits stood at 76.1%. Margins improved further from 10.3% to 10.5% YoY...

resulted in CASA share reducing from 41% to 36% in one quarter itself. Many banks that have reported Q1 results have shown decline in CASA deposits. In our view, management will have to resort to branch expansion to keep up momentum of CASA deposits. Also, incremental loan growth is being driven by increase in the ticket size of the micro-loans which to some extent...

Bandhan Bank continued its growth traction with AUM growth of 39.4% YoY to | 45420 crore, driven by both micro (40% YoY) as well as non-micro loans (36% YoY). Steady customer acquisition at ~7.1 lakh and healthy growth in average ticket size to | 64000 led to AUM growth. Deposit accretion continued to stay healthy at 29% YoY to | 43701 crore. However, sequentially CASA saw de-growth while term deposit continued...