Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits, asset quality may improve
Bandhan Bank (BANDHANBNK) Q4 FY24 Results Preview: Kolkata-headquartered Bandhan Bank is all set to report its financial results for the quarter as well as the year ended March 31 on Friday, May 17. What should investors expect? Read on to know more.
Bandhan Bank Q4 FY24 Results Preview: What should investors expect?
Analysts expect Bandhan Bank to stage a largely stable set of financial performance on the back of robust growth in its microfinance business and improving asset quality though a higher cost of funds may dent its margin slightly.
Here's all you need to know about Bandhan Bank's fourth-quarter earnings:
Bandhan Bank Q4 Results Preview: Net profit likely to grow 10.1%
According to Zee Business research, Bandhan Bank is estimated to register a net profit of Rs 890 crore for the January-March period, which translates into a rise of 10.1 per cent on a year-on-year basis.
Bandhan Bank Q4 FY24 results due on May 17: Analysts peg NII growth at 9.6%; here is what else you can expect
Zee Business analysts estimate Bandhan Bank's March-quarter net interest income (NII) to increase 9.6 per cent to Rs 2,710 crore for the March quarter.
Bandhan Bank Q4 earnings due on May 17; do you know what NII is?
NII or net interest income is a key measure of income for a financial institution. It is the difference between the interest earned and the interest paid.
Bandhan Bank Q4 Results Preview: Asset quality seen improving sequentially
Zee Business analysts expect Bandhan Bank's gross non-performing assets (GNPAs) as a percentage of total loans to stand in the range of 6.1-6.3 per cent for the March quarter, as against 7.02 per cent for the October-December period. They estimate its net non-performing assets (NNPA) to come in at 1.9-2.0 per cent, lower than 2.21 per cent in the fiscal third quarter.
Bandhan Bank Q4 FY24 Earnings Preview: Do you know what NIM is?
NIM or net interest margin is a crucial gauge of profitability for lenders.
While an expanding NIM reflects strong interest income compared to expenses, a shrinking one suggests that the institution's interest income is declining relative to its interest expenses, potentially signaling reduced profitability and efficiency.
Bandhan Bank Q4 Update Highlights
Here are some key takeaways from Bandhan Bank's March-quarter Q4 update
--Q4 FY24 loans up 17.8 per cent vs Q4 FY23
--Q4 FY24 deposits up 25.1 per cent vs Q4 FY23
--Q4 FY24 CASA deposits up 18.1 per cent vs Q4 FY23
Bandhan Bank Share Price History
As of May 15, the Bandhan Bank stock, part of the Nifty Bank basket, has lost 22.5 per cent of its value so far in 2024, sharply underperforming a gain of 2.1 per cent and a decline of about one per cent in the Nifty50 barometer and the banking gauge, respectively.