Q2 preview: Robust loan book puts Bandhan Bank at strong spot ahead of September quarter results

Bandhan Bank September quarter results: Bandhan Bank has reported a 22 per cent jump in loans and advances on a year-on-year (YoY) basis. The private sector lender's loans and advances have jumped to Rs 99,374 crore at the end of September quarter 2022 as against Rs 81,661 crore in the year-ago period.

Bandhan Bank’s total deposits rose by 21 per cent to Rs 99,365 at the end of the second quarter compared to Rs 81,898 crore a year ago.

Out of this, the retail deposits – including the current account and savings account (CASA) of RS 40,509 – were at Rs 73,660 crore. This was up by 7 per cent from a year ago when it was at Rs 68,787 crore. On quarter-on-quarter (QoQ) basis, the jump was 1 per cent. However, the CASA ratio came down to 40.8 per cent at the end of the second quarter as compared to 44.6 per cent a year ago.

Bandhan Bank’s retail deposit are 74 per cent of the total deposits. Bandhan Bank said its pan India collection efficiency, excluding non-performing assets and including restructured customers, was 97 per cent, up from 96 per cent at end of June 2022 quarter.

There are expectations of improvement in non-performing assets (NPAs) and net interest margin (NIM). Also, there are chances of an increase in credit cost.

Earlier, the lender said the numbers mentioned as on September 30, 2022, were provisional unaudited numbers and subject to review /examination by the Audit Committee and board of directors