Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions ...More

Bandhan Bank Q3 Results: Bandhan Bank’s Q3 net profit fell 42% YoY to ₹426 crore due to higher provisions and expenses. Fresh slippages in microfinance increased, though bad loan write-offs helped reduce NPA ratios. Operating profit rose 22%, but provisions surged 101%. ...Less

The bank's net interest margin (NIM) for the quarter improved to 7.2% from 6.5% while credit cost eased t ...More

The bank's net interest margin (NIM) for the quarter improved to 7.2% from 6.5% while credit cost eased to 2.5% from 6.4%. Provisions were at Rs 684 crore as compared with Rs 1542 crore. ...Less

Bandhan Bank's net interest income, the difference between interest earned and interest expended, grew by ...More

Bandhan Bank's net interest income, the difference between interest earned and interest expended, grew by 21.4% YoY to Rs 2,525 crore. Pre-provision operating profit dropped by 14% YoY to Rs 1,655 crore, weighed down by higher operating expenses, which increased by 19% to Rs 1,415 crore. ...Less

“The bank registered good growth in business in the third quarter on a year-on-year basis. In terms of as ...More

“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," Bandhan Bank MD and CEO Chandra Shekhar Ghosh said. ...Less

According to the provisional updates, the bank’s advances rose 14% on year and 5% sequentially to Rs 1.01 ...More

According to the provisional updates, the bank’s advances rose 14% on year and 5% sequentially to Rs 1.01 lakh crore as on December 31. Total deposits grew by 21% YoY to Rs 1.02 lakh crore, of which, retail term deposits grew by 3% YoY to Rs 33,900 crore. ...Less

The bank had posted a net profit of Rs 300.04 crore in the corresponding quarter last year. ...More

The bank had posted a net profit of Rs 300.04 crore in the corresponding quarter last year. ...Less

Total income during the quarter under review increased by 7.7 per cent to Rs 2,837 crore from Rs 2,625 cr ...More

Total income during the quarter under review increased by 7.7 per cent to Rs 2,837 crore from Rs 2,625 crore in the same period of 2020-21, Bandhan Bank said in a regulatory filing. ...Less

Bandhan Bank shares surged 5% after Motilal Oswal and JM Financial upgraded the stock, citing reasonable ...More

Bandhan Bank shares surged 5% after Motilal Oswal and JM Financial upgraded the stock, citing reasonable valuations and favorable risk-reward. Despite a year-on-year profit dip in Q3, sequential performance showed significant improvement. The bank is focusing on digital initiatives and building a more diversified, resilient business for sustainable growth. ...Less

Non-interest income rose 52.99 per cent to Rs 358 crore from Rs 234 crore on a YoY basis. The company add ...More

Non-interest income rose 52.99 per cent to Rs 358 crore from Rs 234 crore on a YoY basis. The company added 7.3 lakh customers during the quarter with total customer base at 1.9 crore as on December 31, the company said in a BSE filing. ...Less

The Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the ...More

The Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the year ago period. ...Less

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifti ...More

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said. ...Less

Bandhan Bank’s Q3 net profit fell 52% YoY to Rs 206 crore, but sequential PAT rose 84%. Strong deposit an ...More

Bandhan Bank’s Q3 net profit fell 52% YoY to Rs 206 crore, but sequential PAT rose 84%. Strong deposit and advance growth, stable asset quality, and digital initiatives indicate improving fundamentals and future growth potential. ...Less

Operating profit for the quarter was at Rs 1549 crore, 4 per cent lower than Rs 1613 crore seen in the sa ...More

Operating profit for the quarter was at Rs 1549 crore, 4 per cent lower than Rs 1613 crore seen in the same period last year. ...Less

The bank's net interest margin fell to 7% against 7.6% in the comparable quarter last year, due to Rs 298 ...More

The bank's net interest margin fell to 7% against 7.6% in the comparable quarter last year, due to Rs 298 crore of interest rate reversal on the restructured accounts, which slipped into sticky loans ...Less